US home sales plunge to slowest March pace since 2009 | LiveNOW from FOX
April 25, 2025
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9:22Now PlayingUS home sales plunge to slowest March pace since 2009 | LiveNOW from FOX
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as posted by the channelRealtor.com Senior Economist Joel Berner joins LiveNOW's Austin Westfall to discuss new data from the National Association of Realtors, which shows existing-home sales slipped 5.9% in March to a seasonally adjusted annual rate of 4.02 million. That's the slowest March sales pace since 2009.
"Home buying and selling remained sluggish in March due to the affordability challenges associated with high mortgage rates," said NAR Chief Economist Lawrence Yun. "Residential housing mobility, currently at historical lows, signals the troublesome possibility of less economic mobility for society."
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