Existing Home Sales Dipped In February, But Ran Well Above Pace Of Year Ago

There was a 0.9 percent drop in sales of existing homes in February from January, the National Association of Realtors reports. But, at an annualized rate of 4.59 million they were still up 8.8 percent from February 2011.

"The market is trending up unevenly," NAR chief economist Lawarence Yun concludes in a statement from the association.

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