Sales of previously occupied United States homes slowed in March to the slowest pace in nearly two years as a swift rise in mortgage rates and record-high prices discouraged would-be homebuyers.Existing home sales fell 2.7 percent last month from February to a seasonally adjusted annual rate of 5.77 million, the National Association of Realtors said Wednesday.The announcement was in line with what economists had been expecting, according to FactSet. It’s also the slowest pace since June 2020, when sales were running at an annualised rate of 4.77 million homes. Sales were down 4.5 percent from March 2021.
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