Home sales fall 4.9% in slow start to spring buying season – Home sales are struggling to rebound after slumping in the second half of last year, when a jump in mortgage rates to nearly 5% discouraged many would-be buyers. Spring buying is so far running behind.
US new-home sales climbed 4.5% in March – New-home sales began to rebound after the average 30-year mortgage rate fell from its recent peak of nearly 5% in November 2018. "Homebuilders continue to indicate encouraging orders and traffic.
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