WASHINGTON (AP) — U.S. sales of previously occupied homes rose in February to the highest level in more than three years, further evidence of a sustained housing recovery that is benefiting the broader economy.
The National Association of Realtors says sales increased 0.8 percent in February from January to a seasonally adjusted annual rate of 4.98 million. That was the highest sales pace since November 2009, when a temporary home buyer tax credit had boosted sales. The February sales pace was also 10.2 percent higher than the same month a year ago.
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