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Home Sales Suffer Slowest April Since 2009
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Mortgage rates inched higher over the last week, delivering yet another blow to a lackluster spring housing market.
Mortgage rates ticked down fractionally in the most recent week but remained near levels likely to stifle robust demand in the housing market.
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 ...
Home sales in March declined by the most since 2022 as stubbornly high mortgage rates and house prices kept buyers on the sidelines. Sales of previously owned homes in March dropped 5.9% ...
But aspiring homeowners remain constrained by a tangle of economic challenges, from stubbornly high mortgage rates to affordability hurdles—reflected in the continued slowdown of home sales.
High mortgage rates were blamed for the 5.9% drop in sales of existing U.S. homes in March. The seasonally adjusted annual rate of 4.02 million existing home sales for March reported by ...
Sales of existing homes fell 5.9% in March, as uncertainty over the economy, high prices and elevated mortgage rates dampened activity, the National Association of Realtors said on Thursday.
Retail sales ... rates for October 17, 2024, according to Zillow are: When it comes to buying a home, one of the most critical factors to consider is the mortgage rate. Mortgage rates not ...
If a borrower has a high ... down sales or lead to dropping home prices. The Federal Reserve doesn’t directly set mortgage rates, however, it sets benchmark federal funds rates that impact ...
dropping 2.4% from 4.12 million sales in March 2024. "Home buying and selling remained sluggish in March due to the affordability challenges associated with high mortgage rates," NAR chief ...
Sales of previously owned US homes fell in March by the most since 2022 as buyers remained constrained by high mortgage rates and prices ... While that would impact mostly new construction ...
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