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

NPR | By Mark Memmott

Published March 23, 2012 at 10:25 AM EDT

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.

Mark Memmott

Mark Memmott is NPR's supervising senior editor for Standards & Practices. In that role, he's a resource for NPR's journalists – helping them raise the right questions as they do their work and uphold the organization's standards.

See stories by Mark Memmott

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