US homes sales rose in February as homebuyers seized on easing mortgage rates

The US housing market's health is a key indicator for overall US economic sentiment and consumer spending, which can influence demand for Indian IT services and other exports. While not directly impacting Indian real estate, it provides a global economic backdrop.

• •Sales of previously occupied U.S. homes picked up in February.
• •Homebuyers took advantage of easing mortgage rates.
• •There was a modest increase in properties on the market.
• •Risk flag: US interest rate trajectory could reverse easing mortgage rates.
• •Risk flag: Geopolitical events could impact global economic stability.