Josh Boak, Associated Press Published 11:33 a.m. ET March 22, 2019 | Updated 11:54 a.m. ET March 22, 2019


According to a new study from the town of Virginia Beach in Virginia is the number one home buyer market in the country. Buzz60

WASHINGTON — U.S. home sales soared 11.8 percent in February, aided by accelerating wages and falling mortgage rates that are improving affordability.

The National Association of Realtors said Friday that existing homes sold at a seasonally adjusted annual rate of 5.51 million last month, a decisively sharp rebound from a pace of 4.94 million in January.

The burst in sales points to the housing market regaining the momentum