Despite the Federal Reserve's decision to keep raising rates to slow the economy, the housing market does not seem to be heeding its words.

Existing home sales rose 6.7% for the month of February to a seasonally adjusted 4.75 million units. This is coming off January's numbers, which showed housing sales at a two-year low. New home sales also beat expectations, slowing less than 1% to an annual rate of 919,000 units.

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