Subscribe
Policy

Existing home sales fall most in over a year

By Zach Halaschak
Published
Add Washington Examiner on Google
Existing home sales fall most in over a year

Existing home sales fell in March by the most in over a year as mortgage rates lurched upward amid higher inflation readings.

Existing home sales in March fell 4.3% to a seasonally adjusted annual rate of 4.19 million, the National Association of Realtors reported on Thursday, as higher mortgage rates priced out many would-be buyers and led many homeowners to avoid selling and having to reenter the home loan market.

Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.

Tag:

Federal Reserve Housing Interest Rates Mortgage Rates News Real Estate