WASHINGTON — The number of buyers who agreed to purchase previously occupied homes rose sharply in February, far exceeding expectations, in a sign that the housing market may be coming back from the winter doldrums.
The National Association of Realtors said Monday its seasonally adjusted index of sales agreements rose 8.2 percent from January to a February reading of 97.6. January’s reading was revised slightly downward to 90.2.
The report “may signal the early stages of a second surge of home sales this spring,” said Lawrence Yun, the trade group’s chief economist
Read more: Pending home sales