Current homes sales decrease in March

House sales in the United States More than expected decreased in March, and weighing high borrowing costs, and more weakness is likely to be the increasing concerns of economic slowdown due to the demand for SAP.

The National Association of Real Estate Judas (NAR) said on Thursday that home sales decreased by 5.9 % last month to an annual seasonal average rate of 4.02 million units. Reuters economists expected that the reselling of the house will decrease to 4.13 million units.

Sales decreased by 2.4 % on an annual basis in March.

The high prices caused by customs tariffs, and the fears of trade highlighted in the Big book in the Federal Reserve

Current homes sales are calculated to close the contract. Last month’s sales may reflect the contracts signed in January and February when the average price of the people A stable mortgage for 30 years It hovers approximately 7 %. The rate later declined in March before it reached the highest level last week.

Economic expectations that are overwhelmed by the uncertainty caused by the uncertainty about the tariff policy that has been constantly turned to President Donald Trump and the ongoing tariff duties that are already imposed on a large number of imports, including wood, wandering in the housing market.

Government data showed on Wednesday that the sales of new homes rose to the highest level in six months in March, with a decrease in the average price, as the incentive builders offered to reduce stocks, currently at the levels that were last seen in late 2007 at the height of the global financial crisis.

“The purchase of the house and the sale remained slow in March due to the challenges of bearing costs associated with the high mortgage rates,” said Lawrence Yun, Nar chief economist.

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The inventory of current homes jumped by 8.1 % to 1.33 million units in March. The offer increased by 19.8 % from last year. The average price of the current house increased by 2.7 % from the previous year to $ 403,700 in March.

At March sales, it will take 4.0 months to deplete the current inventory of Current homes, A height of 3.2 months per year. The offer is seen from four to seven months as a healthy balance between supply and demand.

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Real estate usually remained on the market for 36 days last month, compared to 33 days ago.

Buyers for the first time account for 32 % of sales, unchanged from last year. Economists and real estate brokers say a 40 % stake is needed for a strong force Housing market. All-LASH sales constituted 26 % of transactions, a decrease from 28 % a year ago.

Matters, including mortgage imprisonment, constitute 3 % of transactions, which rise from 2 % a year ago.