February home resales jump much more than expected, despite higher mortgage rates

The median price of a home sold in February was $398,400, up 3.8% from the same time last year.

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February home resales jump much more than expected, despite higher mortgage rates

Sales of previously owned homes in February rose 4.2% from January to 4.26 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors.
NBC News - 14h
Inflation rate eased to 2.8% in February, lower than expected

The core consumer price index was expected to increase 0.3% in February and 3.2% from a year ago.
CNBC - Mar. 12
Unpacking February's slight inflation cooldown

Inflation cooled more than economists expected in February but remained higher than where the Federal Reserve would like it to be, rising 2.8% from a year earlier. CBS News MoneyWatch correspondent ...
CBS News - Mar. 12
Weekly mortgage demand surges 11% higher, as interest rates dropped for the sixth straight week

Mortgage rates dropped to the lowest rate since October of last year, and that pushed demand even higher last week, after a substantial jump the previous week.
NBC News - Mar. 12
Inflation rises by 2.8% in February, slightly below expectations

The new consumer price index shows inflation cooled in February, coming in at a lower rate than economists expected. CBS News MoneyWatch correspondent Kelly O'Grady has a look at the numbers.
CBS News - Mar. 12
Home sales see a bump in February thanks to higher-income buyers

Sales of existing homes rose in February, as some buyers — particularly those with higher incomes — are keeping the upper end of the market alive and well.
MarketWatch - 14h
Price growth cooled more than expected in February, before Trump ramped up tariffs

The president took office promising to immediately lower inflation, but economists say his expanding trade war threatens progress on price hikes.
NBC News - Mar. 12
U.S. Inflation Eased More Than Expected in February

Economists are bracing for intensifying price pressures and slower growth, posing a challenge for the Federal Reserve.
The New York Times - Mar. 12
Home builders are expected to slow down. That’s bad news for America’s massive housing shortage.

Construction of new homes rose 11.2% in February as builders ramped up new projects after a harsh winter. The increase is not expected to last.
MarketWatch - 2d

February home resales jump much more than expected, despite higher mortgage rates

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Related

February home resales jump much more than expected, despite higher mortgage rates

Inflation rate eased to 2.8% in February, lower than expected

Unpacking February's slight inflation cooldown

Weekly mortgage demand surges 11% higher, as interest rates dropped for the sixth straight week

Inflation rises by 2.8% in February, slightly below expectations

Home sales see a bump in February thanks to higher-income buyers

Price growth cooled more than expected in February, before Trump ramped up tariffs

U.S. Inflation Eased More Than Expected in February

Home builders are expected to slow down. That’s bad news for America’s massive housing shortage.

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