Homes Sales, Economic Indicators Fall in March as Economy Shows Sign of Stalling
The twin reports keep fears of a recession this year top of consumers’ minds.
Home sales declined in all geographic regions except in the Northeast where they held steady, according to a monthly report recently released by the National Association of Realtors.(GETTY STOCK IMAGES)
Sales of existing homes fell by 2.4% in March, reversing some of February’s strong rise, while prices also fell, suggesting that higher mortgage rates and a slowing economy are affecting the housing market as it enters the critical spring selling season.
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