Daily Digit: 4.98 Million Home Resales
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The Daily Digit is 4.98 million. Existing home sales hit a three-year high in February, swelling 0.8 percent to an annual rate of 4.98 million units, according to the National Association of Realtors. One reason: higher prices are convincing home owners to put their property on the market. The median cost in February rose 11.6 percent from a year ago to almost $174,000. Also, sales of previously owned home were revised higher for January to 4.94 million units from 4.92 million.

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