Home resales fell sharply in February south of the border in perhaps a troubling sign for America's economy.
The U.S. National Association of Realtors said on Monday existing home sales dropped 7.1% to an annual rate of 5.08 million units, the lowest level since November.
Sales have been prone to big swings up and down in recent months following the introduction in October of new mortgage regulations, intended to help home buyers understand their loan options and shop for the best rates.
NAR says sales fell across the United States, including a 17.1% plunge in the U.S. Northeast.
Economists had forecast home resales easing 2.8% to a pace of 5.32 million units last month. Sales were up 2.2% from a year ago.
