Sales of existing homes fell 4.3 percent in February, the National Association of Realtors (NAR) reported, as the pace of transactions cooled from a record rate in January.
Sales of previously owned homes slid to a seasonally adjusted annual rate of 5.84 million units from an upwardly revised 6.1 million-unit pace in January, NAR said. Even so, the February sales pace slightly exceeded expectations of some analysts. The pace was still the fourth-highest on record, the NAR said.