Existing Home Sales Remained Sluggish In March

Advisor Perspectives Charts6.62K FollowersFollow5ShareSavePlay(5min)CommentsSummaryExisting home sales retreated in March, falling 3.6% following a brief rebound in February.“March home sales remained sluggish and below last year’s pace,” said NAR Chief Economist Dr. Lawrence Yun. “Lower consumer confidence and softer job growth continue to hold back buyers”.Existing home sales are 23.9% below the NAR's January 2000 estimate, but when we account for population growth, current sales levels are 37.6% below turn-of-the-century levels.

Getty Images By Jennifer Nash Existing home sales retreated in March, falling 3.6% following a brief rebound in February. According to the National Association of Realtors (NAR), sales settled at a seasonally adjusted annual rate of 3.98 million units, the lowest level since last JuneThis article was written byAdvisor Perspectives Charts6.62K FollowersFollowAdvisor Perspectives is a leading interactive publisher for Registered Investment Advisors. Our AP Charts & Analysis portion of our website analyzes economic and market trends.