In anticipation of the sale of existing houses, most has increased since 2023

In anticipation of the sale of earlier ownership of the American houses, in March in more than a year as a short dip in the mortgage interest rate and a rising stock of houses released Spring Shoppers.

According to a monthly index of the National Association of Realtors, an index of contract signs rose by 6.1%, most of them since December 2023 to 76.5. The median projection in a Bloomberg research among economists called for a profit of 1%.

The sales recording coincided last month with a temporary decrease in financing costs, with 30-year mortgage interest that fell as low as 6.67% at the beginning of March, according to data from the MortGage Bankers Association. The rates have since been reflected up to 6.89%, but “even small fluctuations” can motivate buyers, said Nar -head -economist Lawrence Yun in a release.

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“Although contractor is not a guarantee for any closures, the solid rise in housing sales implies a significant structure of potential buyers of houses, fed by continuous job growth,” Yun said.

Even with the increase in March, the current sales meter remains far below its 2021 levels, when it generally floats above 110. American consumers are increasingly concerned about the economy, in particular the rate policy of President Donald Trump. The monthly consumer sentiment index of the University of Michigan is nearby file low.

In addition to silent mortgage interest rate, the median selling price of a previous house of a house is 44% higher than in March 2020.

If there is any comfort, the delivery of existing houses that are for sale begins to improve, because sellers accept that the mortgage interest remains high and agrees to bring their houses to the market. Moreover, a growing number of cities are withdrawing.

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Eleven of the 50 most populated American metropolitan areas saw the median annual price decreases in the four weeks ending on April 20, according to For the Redfin Real Estate Market, the largest number of areas since September 2023. In general, Sun Belt -States saw the largest falls, according to Redfin data.

Throughout the country, contract bigs in the south, the largest home -selling region, 9.8%, the biggest profit since June 2020 rose. The sale also climbed in the Midwest and the West, but fell somewhat in the northeast, according to the Nar.

The sale of a hanging house is usually a leading indicator for earlier ownership of Huizen, because houses usually go under contract for a month or two before they are sold.