💨 Abstract

In the U.S., existing home sales slowed in March, falling 5.9% from February and 2.4% year-over-year due to high mortgage rates and prices. The national median sales price rose to an all-time high of $403,700. The sluggish spring homebuying season may signal less economic mobility, according to Lawrence Yun, NAR's chief economist.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖