Story perspectives

February Home Sales Rise 1.7%, First-Time Buyers Surge

3/11/2026

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Summary

Story summary

United States existing home sales rose 1.7% in February to 4.09 million units, aided by lower mortgage rates and an inventory increase, with geopolitical tensions potentially influencing rates.
Sales fell 1.4% year over year, indicating ongoing housing challenges.
The median price reached $398,000, up 0.3% from last year.
First-time buyers accounted for 34% of sales, the highest in five years.
Despite improving affordability, economic uncertainty and low inventory hinder activity.

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Story summary

United States existing home sales rose 1.7% in February to 4.09 million units, aided by lower mortgage rates and an inventory increase, with geopolitical tensions potentially influencing rates.
Sales fell 1.4% year over year, indicating ongoing housing challenges.
The median price reached $398,000, up 0.3% from last year.
First-time buyers accounted for 34% of sales, the highest in five years.
Despite improving affordability, economic uncertainty and low inventory hinder activity.