March home sales in the U.S. have dropped to their slowest pace since 2009, marking a challenging start to the spring buying season. Sales of existing homes fell by 5.9%, the largest decrease since 2022, with all regions experiencing a slump amid high prices and interest rates. While home prices slightly ticked up by 0.2%, the growth is at its slowest rate in 15 months, leading to heightened uncertainty in the housing market. Homeowners are struggling to sell, adapting to a market with rising inventory and fewer buyers. Economic instability and high costs are contributing to a cooling market, with projections indicating ongoing declines in home values for certain areas.