Pursuits
Sales of Existing U.S. Homes Probably Declined in February
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Sales of U.S. previously owned homes probably dropped in February to a three-month low, indicating a sustained housing market recovery has yet to develop, economists said before a report today.
Purchases decreased 4.7 percent last month to a 5.11 million annual rate, according to the median forecast of 60 economists surveyed by Bloomberg News. Sales in January rose to the highest in eight months as investors used all-cash transactions to buy distressed properties.