February Sees Rise in U.S. Existing-Home Sales & Inventory

In February, the U.S. housing market showed signs of recovery with a 4.2% increase in existing-home sales, reaching an annual pace of 4.26 million units. This uptick is attributed to stable mortgage rates and a growing inventory, which rose 5.1% month-over-month to 1.24 million units. The median home price climbed to $398,400, reflecting a 3.8% year-over-year increase. First-time buyers made up 31% of transactions, while cash purchases accounted for 32%. With homes averaging 42 days on the market, buyers are finding opportunities amid a competitive landscape. Faundare Capital provides insights and financial solutions tailored for homebuyers and investors, ensuring informed decisions in a dynamic market.

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