Home sales just posted their biggest monthly fall since 2022

More inventory hitting the market was expected to drive sales. Instead, existing home sales suggest a continued slump in the housing market, with mortgage rates hurting affordability.

Apr 24, 2025 - 21:40
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Home sales just posted their biggest monthly fall since 2022
Sales of existing homes slipped in March, amid elevated mortgage rates. Here, a home for sale in Colorado Springs, Colo., in 2023.

More inventory hitting the market was expected to drive sales. Instead, existing home sales suggest a continued slump in the housing market, with mortgage rates hurting affordability.

(Image credit: David Zalubowski/AP)