Home Sales Fall To Lowest Level Since The Financial Crisis

The U.S. housing market had its worst March since 2009, with home sales dropping 5.9% due to high mortgage rates, economic uncertainty, and falling consumer confidence. Despite expectations for a rebound, elevated borrowing costs—driven partly by the Federal Reserve and global trade tensions—continue to deter both buyers and sellers. Experts say mortgage rates remain stubbornly high and are the key factor suppressing market activity.