US existing home sales drop to nine-month low in March
US existing home sales fell 3.6% in March to a nine-month low. Higher mortgage rates and tight inventory continue to limit activity across the housing market.
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Existing home sales in the United States fell to their lowest level in nine months during March, as a combination of limited inventory and rising mortgage rates weighed on the housing market. Data released on Monday showed that sales dropped 3.6% last month to a seasonally adjusted annual rate of 3.980 million units, the weakest performance since June 2025.
