WASHINGTON, D.C.: Sales of existing US homes rebounded in March, pulling out of a February slump as buyers overlooked tight inventory and rising prices, the National Association of Realtors (NAR) said on Wednesday (Thursday in Manila).
The NAR report suggested encouraging momentum at the start of the key spring selling season in the housing market, after recent signs of weakness such as a slide in new home construction to a five-month low last month.
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