Home Sales Tumble, But There’s Hope for a Turnaround

" data-src="https://cdn.nar.realtor/sites/default/files/styles/inline_paragraph_image/public/gettyimages-1339637229.jpg?itok=9aU13HxI" class="b-lazy" width="1200" height="580" alt="downward arrow with house"> © lerbank - iStock/Getty Images Plus The spring housing market is off to a sluggish start,

Instant Reaction: Mortgage Rates, April 18, 2024

Mortgage interest rates increased to 7.1% this week, moving above the mid-6% range for the first time since December 2023. While the higher mortgage rates are determined to be a killjoy for the spring housing market, mortgage applications did increase. It seems those applying for mortgages may be tr

Existing-Home Sales Descended 4.3% in March

Key Highlights Existing-home sales retreated 4.3% in March to a seasonally adjusted annual rate of 4.19 million. Sales fell 3.7% from the previous year. The median existing-home sales price rose 4.8% from March 2023 to $393,500 – the ninth consecutive month of year-over-year price gains and the high