Existing-home sales rose 1.7% in February after a January drop, aided by lower mortgage rates, rising wages, and slower price growth. First-time buyers increased to 34% of sales. Mortgage rates fell from about 7% to 6%, expanding buyer eligibility by 5.5 million households. Housing affordability improved nationwide, with prices moderating and inventory up. Sales rose notably in the West, while prices remained steady or slightly increased in most regions.