Sales of previously owned homes fell in March from the prior month as higher mortgage rates slowed buying activity.
U.S. existing home sales, which make up most of the housing market, fell 2.4% in March from the prior month to a seasonally adjusted annual rate of 4.44 million, the National Association of Realtors said Thursday. March sales fell 22% from a year earlier.
Sales of previously owned homes fell in March from the prior month as higher mortgage rates slowed buying activity.
U.S. existing home sales, which make up most of the housing market, fell 2.4% in March from the prior month to a seasonally adjusted annual rate of 4.44 million, the National Association of Realtors said Thursday. March sales fell 22% from a year earlier.
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