U.S. existing home sales fall; house prices hit record high

U.S. Home Prices Hit a Record of $375,300 in March

“U.S. home prices soared to a new record in March while mortgage rates continued to rise rapidly, slowing home sales in what has been the hottest housing market in more than 15 years,” the Wall Street Journal reports.

Home sales slip in March; prices up 15 percent on last year

Home sales in the United States declined in March for the second consecutive month as the price tag of homes increased by about 15 percent from a year ago, according to a report from the National A…

March home sales fall as mortgage rates, home prices climb

(AP) — Sales of previously occupied U.S. homes slowed in March to the slowest pace in nearly two years as a swift rise in mortgage rates and record-high prices discouraged would-be homebuyers. Existing home sales fell 2.7% last month from February to a seasonally adjusted annual rate of 5.77 million, the National Association of Realtors said Wednesday.That’s in line with what economists had been expecting, according to FactSet. It’s also the sl…

Existing Home Sales Dip as Mortgage Rates Spike, House Prices Hit Record High

Sales of previously-owned homes in the United States fell in March as mortgage rates climbed to a 12-year high, leading mortgage refinance demand to plunge by an annual 68 percent while house prices hit a new record.

March Home Sales Fall As Mortgage Rates, Home Prices Climb

MIAMI (CBSMiami/AP) — Mortgage rates are now at the highest level they have been since 2010.According to the Mortgage Bankers Association, home loan demand fell 5% last week compared to the week prior. Demand for refinancing slid another 8% for the week and is 68% lower from the same time a year ago.Sales of previously occupied U.S. homes also slowed in March to the slowest pace in nearly two years, down 4.5%, amid the swift rise in mortgage rat…

New-home prices up 11 per cent since last year

Increases in house prices in Winnipeg and Calgary were especially dramatic.