March home sales drop to their slowest pace since 2009

Published Thu, Apr 24 202510:00 AM EDTUpdated Thu, Apr 24 20251:50 PM EDT

By: Diana Olick

watch nowVIDEO01:23March existing home sales miss

Higher mortgage rates and concern over the broader economy are making for a weak start to the all-important spring housing market.

Sales of previously owned homes in March fell 5.9% from February to 4.02 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. That’s the slowest March sales pace since 2009. LEARN MORE…

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