NAR US Existing-Home Sales Report Shows 3.6% Decrease in March | Metals Mine

  • NAR US Existing-Home Sales Report Shows 3.6% Decrease in March

    From nar.realtor

    Existing-home sales decreased by 3.6% month-over-month in March, according to the National Association of REALTORS®Existing-Home Sales Report. The report provides the real estate ecosystem—including agents, homebuyers and sellers—with data on the level of home sales, price, and inventory. “March home sales remained sluggish and below last year’s pace,” said NAR Chief Economist Dr. Lawrence Yun. “Lower consumer confidence and softer job growth continue to hold back buyers.” Month-over-month sales fell in all four regions. Year-over-year sales rose in the South and West and fell in the Northeast and ... (full story)

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spillemw
Apr 13, 2026 9:19am
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More signs we are heading towards a recession.


Sales falling 3.6% MoM with declines in ALL four regions simultaneously — not a regional story, a national one
"Lower consumer confidence and softer job growth continue to hold back buyers" — this directly echoes the weak Personal Income (-0.1%) and rising Unemployment Claims (219K) from Thursday's release
First-time buyers at 32% and falling — this is the most economically sensitive buyer segment, they disappear first when confidence weakens
Mortgage rates at 6.18% and rising — affordability being squeezed despite prices still rising
NAR downgrading forecasts — institutional acknowledgment that trajectory is deteriorating

data points all pointing the same direction:

NFP February revised to -133K
Personal Income negative
Unemployment Claims rising
Home sales falling across all regions
Consumer confidence weakening
Hours worked declining
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