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Surprise! Existing Home Sales Jump

February's 2.9% rise surprises analysts; median price tumbles unprecedented 8.2%

By Kevin Spak, Newser Staff

Posted Mar 24, 2008 10:45 AM CDT

(Newser) – Existing home sales stunned Wall Street today with an unexpected spike, Bloomberg reports. The metric rose 2.9% in February to an annual pace of 5.03 million. Analysts had predicted yet another decline, to a 4.85 million pace. But one economist said this... Read full story »

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Surprise! Existing Home Sales Jump

February's 2.9% rise surprises analysts; median price tumbles unprecedented 8.2%

housing market • condominium • home prices • housing crisis • existing home sales • new-home sales • single-family homes • foreclosures

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More Newser Stories

Foreclosure Sales Rebound as Buyers Snap Up Deals

But prices drop drastically as lenders bite the bullet

March Home Sales, Prices Fall

Buyers can't get loans, or are awaiting bigger price drops

$26B Mortgage Settlement a 'Modest' Help: Experts

Many struggling homeowners not covered in deal

Banks Ink $26B Deal to Help 2M Homeowners

49 states sign on to deal with nation's top 5 banks

11% of US Homes Vacant

Prices set to fall even further

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