Sales of Existing Homes Jump 2.5% in March
- Share via
WASHINGTON — Sales of existing homes rose 2.5% in March, the second consecutive monthly increase in response to falling mortgage interest rates, a real estate trade group said today.
The National Assn. of Realtors said existing single-family homes were sold at a seasonally adjusted rate of 3.33 million units last month. Rates for 30-year, fixed-rate mortgages, which had risen above 11.5% before the October stock market crash, edged below 10% in February and March. They have been rising in April and were 10.3% last week.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
