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- Existing-home sales slipped 2.4% month over month in March, the National Association of Realtors said.
- The decline comes as mortgage rates have been volatile recently.
- NAR economist Lawrence Yun said home sales will "steadily rebound" as the Fed shifts policy in the coming months.
Existing home sales slid 2.4% in March compared to the prior month, according to Thursday data from the National Association of Realtors.
That followed a 14.5% jump in February that ended 12-month streak of declines. But last month, existing home sales fell to an at an annualized rate of 4.44 million, less than the 4.5 million expected by economists, per Bloomberg.
The median sales price on existing homes fell to $375,700, down 0.9% compared to the same time last year.