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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.

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