Overview
- Existing-home sales fell 3.6% in March to a 3.98 million annual rate, the weakest pace since June 2025, the National Association of Realtors said.
- The popular 30-year mortgage averaged 6.37% last week, up from 5.98% before the war with Iran, which makes monthly payments higher for new loans.
- Active listings edged up to 1.36 million homes, equal to 4.1 months of supply, still far below the pre-pandemic market.
- The median price rose 1.4% from a year earlier to $408,800, even as sales fell in all four regions and were 1.0% lower than a year ago.
- NAR cut its 2026 sales growth forecast to 4% on affordability strains and softer job growth, and buyers skewed older and wealthier with first-timers at 32% and all-cash deals at 27%.