Existing home sales in United States rose more than expected in February. <According to data from the National Association of Realtors, the number of final contracts for home sales last month rose by 14.5% per month to 4.58 million annualized homes, after falling by 0.7% in January to 4 million annualized homes. Analysts had expected sales to rise to the equivalent of 4.17 million dwellings annually.

Analysts had expected sales to rise to the equivalent of 4.17 million dwellings annually. The rise in sales came after a 12-month period of continuous decline, but is still 22.6% lower than February last year.

Lawrence said. Buyers are aware of the change in mortgage interest rates and are seeking to take advantage of any decline, said Lawrence Yun, the association's chief economist, adding that there are strong home sales in areas where prices have fallen and jobs have increased.

Buyers are aware of the change in mortgage interest rates and are seeking to take advantage of any decline in them. <The amount of time it takes to sell a home since it went on the market has also lengthened, prompting some sellers to accept lower prices. This could help mitigate the challenges posed by the rapid increase in U.S. interest rates.

Meanwhile, the median home price in the United States last month rose by only 0.5%, compared with the same month last year to $363,000, compared with $361.12,000 in January.

The median home price in the United States last month rose by only 0.5%.