US Existing Home sales rise more than forecast for the second straight month, showing continued strength in the housing market. #ushomesales #realestate #lumber

U.S. sales of existing homes increased 1.1 percent on a monthly basis in March, which suggests that buyers are undeterred by the dwindling number of properties available on the market.

The National Association of Realtors said Monday that homes sold last month at a seasonally adjusted annual pace of 5.60 million, up from 5.54 million in February. This sales rate is higher than the 2017 total, but March sales were down slightly over the past 12 months.

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