Home Sales Fall More Than Expected In March
Posted by Cary W Porter on
Due to volatility in the U.S. economy since late January, prospective buyers currently seem to be holding their collective breath while waiting to see how ongoing market conditions may affect their purchasing power. As economists weigh in with their take on the market, buyers should stay alert to opportunities to enter the market at lower costs if mortgage rates decline and buying demand slows.
Existing-home sales fall to slowest pace since 2009 amid rising costs
Existing-home sales dropped by 5.9% from February and by 2.4% from March 2024 as homebuyers continued to deal with affordability challenges, said NAR Chief Economist Lawrence Yun
A dimming economic outlook because of uncertainty caused by President Donald Trump's constantly shifting…
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