Home sales underwhelmed in April amid elevated mortgage rates and economic jitters
Key takeaways
- Home sales hit a seasonally adjusted annual rate of 4.02 million last month and were flat compared to a year ago, according to National Association of Realtors data released on Monday.
- By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy Subscribe Month over month, sales improved in the South and the Midwest, while they were flat in the Northeast and fell in the West.
- “Lower mortgage rates, better affordability — I thought would do the trick,” NAR chief economist Lawrence Yun said. “Yet the sales number, at least as of April, is still not rising in any meaningful way.
Home sales underwhelmed in April amid elevated mortgage rates and economic jitters Existing home sales showed little change month over month and year over year Claire Boston · Senior Reporter Mon, May 11, 2026 at 9:46 PM GMT+7 1 min read Existing home sales were essentially flat in April, rising just 0.2% from March as high mortgage rates, limited inventory, and ongoing economic uncertainty sidelined buyers.
Home sales hit a seasonally adjusted annual rate of 4.02 million last month and were flat compared to a year ago, according to National Association of Realtors data released on Monday. Although housing affordability has improved slightly in the past year, those gains haven’t been enough to bring a rush of new buyers into the market.
By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy Subscribe Month over month, sales improved in the South and the Midwest, while they were flat in the Northeast and fell in the West.