Across the country, pending sales dove 26.6% on a seasonally-adjusted basis to the lowest level since Covid struck. (Credit: Andrii Yalanskyi/Adobe Stock)
Many home buyers and sellers are continuing to sit on the sidelines as home prices fall and interest rates rise. New listings fell 23.3% from March 2022 to March 2023 because homeowners made the decision to stay in their homes rather than move and face higher interest payments on a new house.
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