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Resale housing market stalls as mortgage rates drive steepest monthly sales decline since 2022

Yahoo Finance
Summary
Nutrition label

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 .

VR Score

89

Informative language

90

Neutral language

44

Article tone

formal

Language

English

Language complexity

53

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links