US EditionHome Sales in March Fell 5.9%, Biggest Drop Since 2022
- Existing US home sales fell 5.9 percent in March.
- Elevated mortgage rates reduced affordability for prospective buyers.
- The annual sales rate reached 4.02 million units seasonally adjusted.
- Median previously-owned home prices increased 2.7 percent to $403,700.
- Low housing mobility indicates potential for reduced economic movement.
60 Articles
60 Articles
US existing home sales retreat more than expected in March
WASHINGTON, United States — Sales of existing US homes pulled back more than expected in March, according to industry data released Thursday, as mortgage rates remained high and weighed on affordability for homebuyers. Existing home sales slid 5.9 percent last month from February to an annual rate of 4.02 million, seasonally adjusted, said the National
Ticker: March home sales fall; American Airlines sees passenger demand falter
Sales of previously occupied U.S. homes slowed in March, a lackluster start to the spring homebuying season as elevated mortgage rates and rising prices discouraged home shoppers. Existing home sales fell 5.9% last month from February to a seasonally adjusted annual rate of 4.02 million units, the National Association of Realtors said Thursday. The March sales decline is the largest monthly drop since November 2022, when sales fell 6.7% from the…
March Home Sales Slowed In Lackluster Start to Spring Buying Season
Sales of previously occupied U.S. homes slowed in March, a lackluster start to the spring homebuying season as elevated mortgage rates and rising prices discouraged home shoppers. Existing home sales fell 5.9% last month from February to a seasonally adjusted annual rate of 4.02 million units, the National Association of Realtors said Thursday. The March sales decline is the largest monthly drop since November 2022, when sales fell 6.7% from the…
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