April home sales disappoint as higher mortgage rates weigh on buyers
The post April home sales disappoint as higher mortgage rates weigh on buyers appeared on BitcoinEthereumNews.com. Prospective buyers arrive during an open house in Rancho Cucamonga, California, US, on Saturday, May 9, 2026. Kyle Grillot | Bloomberg | Getty Images Sales of previously owned homes in April were essentially flat compared with March, rising just 0.2% to 4.02 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Housing analysts were expecting a gain of more than 3%. April sales were unchanged year-over-year. This count is based on closings, so contracts likely signed in late February and March. The average rate on the 30-year fixed mortgage ended March in the high 5% range, according to Mortgage News Daily, and then shot up sharply, due to the start of the U.S.-Israel war with Iran. “Despite mixed macroeconomic signals—including a record-high stock market and historically low consumer confidence—home sales were modestl