Sluggish Start For Spring Homebuying Season As Home Sales Fall In March
by www.theyeshivaworld.com
www.theyeshivaworld.com— The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising prices. Sales of previously occupied U.S. homes fell 4.3% in March from the previous month to a seasonally adjusted annual rate of 4.19 million, the National Association of Realtors said Thursday. That’s the first monthly […]
ABC Columbia—New home sales surge in March. Some real estate agents have been pretty busy over the past few weeks.
CNBC—March homes sales dropped despite a surge in supply. Here's why.. The median price of an existing home sold in March was $393,500, up 4.8% from the year before.
tennesseestar.com—Home Sales Drop in March as Mortgage Rates Surge over 7 Percent. Existing home sales shrank in March as consumers respond to continuing price increases and rising mortgage rates. Sales for existing homes fell 4.3% in March compared to the previous month and 3.7% year-over-year, to an annual rate of 4.19 million, according to a press release from the National Association of Realtors (NAR). The average for a 30-year fixed-rate mortgage reached 7.10% this week, a substantial jump from 6.88% last week, depressing Americans’ desire to switch homes and possibly...