Existing-Home Sales Increased to 4.26 million SAAR in February, But Down 1.16% YoY (M2 Money Printing Isn’t Helping)

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Existing-home sales rose in February, according to the National Association of REALTORS®. For both monthly and year-over-year sales, two major U.S. regions experienced growth, one region remained stable and the other registered a decline.

Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – progressed 4.2% from January to a seasonally adjusted annual rate of 4.26 million in February. Year-over-year, sales slid 1.2% (down from 4.31 million in February 2024).

But Fed M2 Money printing isn’t helping existing home sales of a YoY basis!

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