Existing Home Sales Tumble In March, Face 40% Collapse, NAR Warns

Read more on this subject: Housing
News Story Source: Zero Hedge – Tyler Durden
Contract closings declined 8.5% from the prior month to an annualized 5.27 million, the slowest since April 2019, from a downwardly revised 5.76 million in February,

The first half of the month "held up reasonably well, but it was the second half of March where we are seeing a measurable decline in activity," Yun said.

Many potential home sellers are delaying listing their properties in the current economic environment, he noted.

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