News-News.Zip

News in English (USA) / 22.05.2025 / 20:00

April Home Sales Experience Significant Decline Amid High Costs and Economic Concerns

Home sales in April have dropped to the slowest pace for that month since 2009, reflecting a worrying trend in the U.S. housing market. Factors such as high mortgage rates and rising home prices have put a chill into the spring buying season, leading many potential buyers to hesitate or cancel their home purchases. Existing-home sales edged lower by 0.5%, marking the second consecutive month of decline. As inventory levels rise to a five-year high, the overall market remains sluggish, raising alarms about the potential for a broader economic impact. With many buyers opting to wait amid uncertainty, the spring home sales season is shaping up to be disappointing, with experts warning of a housing affordability crisis that persists despite recent incentives.
CNBC, AP News, Zillow, Newsweek, National Association of REALTORS®, Bloomberg.com, Redfin, Yahoo Finance, KITCO, WSJ