Existing Home Sales For February Come In At 4.59M

The National Association of Realtors today released its figures on sales of existing homes for the month of February. The figures showed 4.59M sales last month. The S&P 500 (INDEXSP:.INX) was down slightly just after the figures were announced. The report follows on the building permits and housing starts figures which were released yesterday. Those showed a decline in starts but a small rise in permits. Most were disappointed at the figures which showed a less than consistent incline in the recovery of the housing market. Today's figures also suggested a slowing recovery of the housing market. Sales for January had been initially reported at 4.57M, while December and November accounted for...