RMI Atlantic

In what may be the first fluttering of a recovery in the housing
market, sales of existing homes last month actually
increased from January levels according to the National Association of
Realtors (NAR.)

NAR’s chief economist Lawrence Yun said the increase
is encouraging. “We’re not expecting a notable gain in existing-home
sales until the second half of this year, but the improvement is another
sign that the market is stabilizing,” he said.

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