In this Wednesday, Feb. 27, 2013, photo, a "for sale" sign is seen outside a home in Glenview, Ill., Average U.S. rates on fixed mortgages moved closer to historic lows this week, a trend that has helped drive a rebound in home sales. (AP Photo/Nam Y. Huh)
In this Thursday, Dec. 20, 2012, photo, a home is for sale in North Andover, Mass. U.S. home prices rose at a healthy pace in December compared with a year ago, driven higher by rising sales and a smaller supply of available homes. (AP Photo/Elise Amendola)
In this Saturday, Jan. 5, 2013, photo a home is for sale in Glenview, Ill. U.S. sales of previously occupied homes rose in January to the second-highest level in three years, a sign that the housing market is sustaining its recovery and helping bolster the economy. The National Association of Realtors said Thursday that (AP Photo/Nam Y. Huh)
In this Wednesday, Nov. 14, 2012, photo, a woman walks towards a home for sale during a viewing for brokers in Leucadia, Calif. Americans bought new homes in November 2012 at the fastest pace in more than two and a half years, further evidence of a sustained housing recovery.(AP Photo/Gregory Bull, File)
FILE - In this Friday, Jan. 11, 2013 photo, a construction worker works at a new home under construction in Chicago. U.S. new-home sales jumped in January from the previous month to the highest level since July 2008, a sign that the housing recovery is accelerating. (AP Photo/Nam Y. Huh, File)
Founder and President of Heartfile, Pakistani Sania Nishtar, speaks during a debate on religion at the 43rd Annual Meeting of the World Economic Forum, WEF, in Davos, Switzerland, Friday, Jan. 25, 2013. Who created Davos, and why does it exist? Questions about God and religion came up often at the World Economic Forum this year providing a break from the temporal concerns that tend to dominate Davos and showing that even the jet set is preoccupied with the meaning of life, at least in these turbulent times.(AP Photo/Michel Euler)
WASHINGTON (AP) — US sales of previously occupied homes rise to 4.98M in February, most in more than 3 years.