The National Association of Realtors (NAR) Reported the sales of previously owned homes which accounts for a vast majority of all home sales in the US.

Existing sales bottomed out in January at 4.00 million units annually. March numbers came in at 4.44 Million though nice, which was slightly lower than February at 4.55.

Looking at the chart below, it’s hard to overlook the correlation between rates and home sales. This chart helps clarify my 5.0% rate comment yesterday to help motivate potential sellers.

Its Friday enjoy your weekend and I will see you right here Monday.