CD Media
Markets

Existing Home Sales Fall More Than Expected

Existing Home Sales Fall More Than Expected
Image by FASTILY

Existing homes sales in the United States fell more than expected in the month of March, falling -4.9% vs -2.3% consensus estimate, with 5.21M sold versus 5.3M estimate.

The decline may have been a continued reaction to February’s blowout 11.8% increase, reverting back to a normal range. Lower interest rates did not juice housing sales as expected.

Related posts

Everything Rides On China Making A Deal, We Don’t Think They Can

CD Media Staff

Jobless Claims Slightly Less Than Forecast

CD Media Staff

Existing Home Sales Decline As City Dwellers Move To Rent/Build In Suburbs

CD Media Staff

Leave a Comment