February sales hit 4.09 million annual pace, helped by slightly lower mortgage rates and modest price easing.
Sales were ↓1.4% yearly; inventory ↑4.9% yearly to 1.29 million
Median existing-home price was $398,000, ↑0.3% yearly
NAR warned limited supply could push prices ↑ if demand outpaces inventory
Housing Affordability Index ↑ to 117.6; economists see gradual improvement if rates hold.
Existing-Home Sales Rise Amid Affordability Relief | Carol Strom real estate broker. Founder of USAfitpros.com 50 state Telehealth and Labs bolt-on virtual LegitScript business
