| The housing market continued to struggle in March, despite low home prices and record low interest rates, an industry report revealed Thursday. Sales of existing homes fell 2.6% compared with a month earlier, to an annualized rate of 4.48 million homes, the National Association of Realtors said.
Gus Faucher, a senior economist at PNC Financial, called the report disappointing. "We were expecting an increase," he said. "We need a turnaround to help the economy recover."..............................................Full Article: Source |