Existing-home sales rose 1.7% to 4.09 million in February, supported by improving affordability and expanding inventory. The Housing Affordability Index reached 117.6, the highest since March 2022, with wage growth outpacing home-price growth. Inventory increased 2.4% from January to 1.29 million units, a 3.8-month supply. Median home prices rose modestly by 0.3% to $398,000, marking 32 consecutive months of gains.
Continue to full article
