Sales of previously occupied homes in the United States surged by a forecast-beating 6.7 percent in January, with the supply of existing homes for sale falling to a record low and prices again ticking up, according to the National Association of Realtors (NAR).
Existing-home sales rose to an annual rate of 6.5 million in January, up 6.7 percent from December, a month that saw sales drop by 3.8 percent. Consensus forecasts expected a 1 percent decline in previously occupied home sales in January.
