Home Sales: Strength Behind the Headlines

3 reasons the data was even better than widely reported

Yesterday the National Association of Realtors released data showing that the pace of home sales in February surged 9.5% to a seasonally adjusted annual rate of 4.38 million. Consensus had expected a 1.3% drop. Instead, this was the the largest monthly increase in a year.

I think some of the best news in this data was not widely reported.

Here are 3 char…