Home sales dropped 5.9% last month to a seasonally adjusted annual rate of 4.02 million units, the National Association of Realtors said on Thursday morning.

High mortgage rates are also keeping aspiring homebuyers on the sidelines. In April, the average 30-year fixed-rate mortgage was 6.73 percent, up from 6.65 percent in March but down from 6.99 percent ...

Meanwhile, the median existing-home price for all housing types rose 2.7% year-over-year (YoY) in March to $403,700. Total housing inventory registered at the end of March rose 8.1% sequentially ...

Sales slowed 2.4 percent from a year earlier. That’s the slowest pace during the March period since 2009. Existing-home sales across the West, the priciest market in the U.S., sank 9.4 percent.

WASHINGTON, April 24 (Reuters) - U.S. existing home sales fell more than expected in March, weighed down by higher borrowing costs, and further weakness is likely as growing concerns of an ...