US Existing Homes Sales Pace Expected to Decelerate Slightly in March
The National Association of Realtors' measure of US existing-home sales is expected to slow to a 4.08 million annual rate in March, based on a survey compiled by Bloomberg, after rising by 1.7% to a 4.09 million rate in February.Existing-home sales were at a 4.02 million rate in March 2025, so the year-over-year change would be positive.The data are scheduled to be released at 10:00 am ET Monday.The pending home sales index, also produced by the NAR, was up 1.8% in February but was 0.8% below its reading a year ago. That measure is taken at contract signing and is meant to foreshadow movements in existing homes closings a month or two out.Recent mortgage application data from the Mortgage Bankers Association indicated that mortgage rates rebounded in March after falling in February.