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Home Sales in March Fell 5.9%, Biggest Drop Since 2022

  • Existing US home sales pulled back more than expected in March.
  • High mortgage rates weighed on affordability for potential homebuyers.
  • The National Association of Realtors reported the 5.9 percent slide from February was the biggest since November 2022.
  • The March annual rate reached 4.02 million, below the 4.2 million expected.
  • This sluggishness contributed to residential housing mobility reaching historical lows.
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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

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DrydenWire.com broke the news in on Thursday, April 24, 2025.
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