Resale Housing Market Stalls
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•Business
Business & Economics
Resale housing market stalls as mortgage rates drive steepest monthly sales decline since 2022

84% Informative
Existing home sales declined 5.9% in March to a seasonally adjusted annual rate of 4.02 million .
This marked the steepest monthly decrease since November 2022 .
House hunters remain on the fence about buying a home as mortgage rates march toward 7% .
Median existing-home price in March hit $ 403,700 , up 2.7% from the previous year .
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89
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90
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English
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