February Existing-Home Sales Highest Since November 2009

The National Association of Realtors announced that February's existing-home sales, the highest since November 2009, affirm a healthy recovery in the housing sector. The association reported that sales have been above year-ago levels for 20 consecutive months.

Total existing-home sales rose to an adjusted rate of 4.98 million in February, 0.8 percent above January and 10.2 percent over February 2012.

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