IE Business Daily Business news for the Inland Empire.
Sales of existing homes increased 1.7 percent nationwide between January and February, with transactions up in the Midwest, south and west but down in the northeast, according to data released March 10.
Year-over-year, sales were down 1.4 percent, while the price of an existing home rose only 0.3 percent between February 2026 and the year before, the National Association of Realtors reported.
Nearly 1.3 million existing homes were on the market during the second month of the year, up 2.4 percent from January and 4.9 percent in February 2025.
February was the eighth consecutive month that housing affordability improved, but the national housing market remains far from where it was before the pandemic hit six years ago, according to Lawrence Yun, the association’s chief economist.
“There are six million more jobs than in 2019, yet home sales per year are down by one million,” Yun said in a statement. “Despite the modest gain in home sales, actual housing demand remains muted relative to wage growth and job gains.”
