Home sales last month dropped to their slowest March pace since 2009
1. March home sales fell 5.9% to 4.02 million units annualized. 2. Sales are at the slowest pace since 2009, down 2.4% year-over-year. 3. High mortgage rates and low economic mobility are impacting the housing market. 4. Despite increasing listings, median home prices rose only 2.7% from last year. 5. Residential real estate continues to grow but contrasts with stock market trends.