United States Existing Home Sales (MoM) came in at 4.09M, above expectations (3.89M) in February

AI Briefing

• – Existing home sales exceeded expectations in February with a 4.09M sales rate, surpassing the forecast of 3.89M.
• – The increase in sales marks a moderate rebound from the 3.2% decline in January.
• – The strong performance is attributed to a decrease in inventory levels and low interest rates.