NEW YORK (TheStreet) -- Zillow (Z) - Get Report stock is increasing 4.45% to $20.89 in afternoon trading on Tuesday on strong U.S. housing data. 

Zillow is a real estate and rental marketplace based in Seattle. 

Existing-home sales rose 0.4% to an annual rate of 5.47 million in January, reaching the highest annual rate in six months, according to theNational Association of Realtors.

Home resales are up 11% from last year, marking the biggest year-over-year gain since July 2013. 

The median price for existing homes climbed 8.2% to $213,800 from the year-ago period. 

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Total housing inventory was up 3.4% to 1.82 million at the end of January, but was still 2.2% lower than a year ago.

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