Story perspectives

U.S. Existing-Home Sales Drop Amid Economic Uncertainty

4/17/2026

Summary

Story summary

The war in the Middle East increases uncertainty and drives United States' existing-home sales down.
Economic uncertainty, driven by higher borrowing costs and inflation, reduces consumer confidence.
The median existing-home price reached a record high of $408,800 in March.
Mortgage rates have eased modestly, but many potential sellers remain hesitant to list.
In Springfield, Massachusetts, a renovated home sold to a first-time buyer, showing pockets of competition.

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Story summary

The war in the Middle East increases uncertainty and drives United States' existing-home sales down.
Economic uncertainty, driven by higher borrowing costs and inflation, reduces consumer confidence.
The median existing-home price reached a record high of $408,800 in March.
Mortgage rates have eased modestly, but many potential sellers remain hesitant to list.
In Springfield, Massachusetts, a renovated home sold to a first-time buyer, showing pockets of competition.