Existing-home sales rise on 'deep' discounting Sales up 5.1% in February while prices drop 15.5% in past year, NAR says

WASHINGTON (MarketWatch) -- Sales of U.S. pre-owned homes rose 5.1% to a seasonally adjusted annual rate of 4.72 million in February, boosted by "deep" price discounts, the National Association of Realtors reported Monday.