Real Estate

Home sales fell in April amid high prices, mortgage rates


April existing home sales fall 3.4%; leading economic indicators down 0.6%

Sales of previously owned homes fell 3.4% in April from March to a seasonally adjusted, annualized pace of 4.28 million units, according to the National Association of Realtors. Sales were 23.2% lower than April of 2022.

There is still strong demand, but several factors are weighing on potential homebuyers. That is leading to different local and regional dynamics.

“Home sales are bouncing back and forth but remain above recent cyclical lows,” said Lawrence Yun, NAR’s chief economist. “The combination of job gains, limited inventory and fluctuating mortgage rates over the last several months have created an environment of push-pull housing demand.”

There were 1.04 million homes for sale at…


0 0 votes
Article Rating

Alibaba plans to list cloud division as quarterly revenue misses expectations

Previous article

Bath & Body Works BBWI Q1 earnings report 2023

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Real Estate