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Existing-home sales performed strongly in February, with three out of the four major regions of the U.S. showing sales increases, the National Association of REALTORS® reported Friday. Home prices also were on the rise. NAR Chief Economist Lawrence Yun acknowledges COVID-19’s impact on the economy in March, but he notes that the impact of the virus on housing likely will be short-term given the strength of sales data prior to the outbreak. “Once the social distancing and quarantine measures are relaxed, we should see this temporary pause evaporate and potential buyers return [to the market] with the same enthusiasm,” Yun says.