A report released by the National Association of Realtors on Tuesday showed existing home sales in the U.S. rebounded by much more than expected in the month of February.
NAR said existing home sales spiked by 14.5 percent to an annual rate of 4.58 million in February after falling by 0.7 percent to a rate of 4.00 million in January. Economists had expected existing home sales to climb to an annual rate of 4.17 million.
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