Proving analysts' predictions wrong, existing home sales actually rose 1.5% in March. The March numbers followed a rather strong February, in which sales rose 7%.

According to the National Association of Realtors, existing home sales rose to 4.83 million units in March from 4.76 million units in February. Analysts had predicted a decrease of 1.7%, partly due to higher mortgage rates.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.