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April 25, 2025

Spring home buying season buying off to slow start

  • Existing home sales fell 5.9% last month from February.
    • By ALEX VEIGA
    AP Business Writer

    Sales of previously occupied U.S. homes slowed in March, a lackluster start to the spring homebuying season as elevated mortgage rates and rising prices discouraged home shoppers.

    Existing home sales fell 5.9% last month from February to a seasonally adjusted annual rate of 4.02 million units, the National Association of Realtors said Thursday. The March sales decline is the largest monthly drop since November 2022, when sales fell 6.7% from the previous month.


     
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