Existing-home sales fall for second consecutive month amid rising mortgage rates

Existing-home sales decreased 2.7% between February and March, dropping to a seasonally-adjusted, annual rate of 5.77 million, the National Association of Realtors said Wednesday. Compared to a year ago, sales were down 4.5%. Economists polled by MarketWatch had projected existing-home sales to come in at 5.75 million.

https://www.marketwatch.com/story/existing-home-sales-fall-for-second-consecutive-month-amid-rising-mortgage-rates-2022-04-20?mod=newsviewer_click