The analysts under-estimated the fear from war-mongering as existing home sales plunged 3.6% MoM (down bigly from an upwardly revised 2.7% MoM jump in Feb). That is the second biggest drop in existing home sales since Nov 2022...

Source: Bloomberg

That dragged Existing Home Sale SAAR back below 4 million homes (3.98m to be exact), near the lowest level since Lehman...

Source: Bloomberg

The NAR report showed the median selling price rose 1.4% from a year earlier in March, to $408,800.

Source: Bloomberg

Pushing Existing (Used) House prices back above New House Prices...