Existing-home sales slip in February

Nearly 1 in 3 Realtors report deal falling through

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

Sales of existing homes slipped slightly from January to February, but were up 8.8 percent from the same time a year ago, the National Association of Realtors reports.

The 0.9 percent January-to-February decline in existing-home sales was a surprise to some analysts, and NAR Chief Economist Lawrence Yun acknowledged that the market "is trending up unevenly."