Another day, another somewhat positive housing report.
Homes sales fell in February, but the sales pace for the winter was the best in five years, the Associated Press is reporting this morning. The National Association of Realtors said today that home sales fell 0.9 percent last month to a seasonally adjusted annual rate of 4.59 million. That’s down from a revised 4.63 million sold in January – the highest level since May 2010.
The last three months have been the best for winter sales in five years. A mild winter and a stronger job market have helped boost sales ahead of the all-important spring buying season.