Reply To: Traders Market Weekly: Fear, Greed, War and Volatility

#73842
Truman
Participant

Existing home sales decreased 4.3% month-over-month in March to a seasonally adjusted annual rate of 4.19 million (consensus 4.20 million) from an unrevised 4.38 million in February. Sales were down 3.7% from the same period a year ago.

The key takeaway from the report is that sales activity was weak at the start of the spring selling season, as high prices, high mortgage rates, and low inventory got in the way of more robust selling activity.