U.S. Existing-Home Sales Fall More Than Forecast

Sales of previously owned U.S. homes eased more than forecast in March, suggesting the housing market is still finding its footing after a weak 2018.

Contract closings fell to a 5.21 million annual rate, down 4.9 percent from February’s downwardly revised pace, the National Association of Realtors said Monday. The median sales price rose 3.8 percent from a year earlier to $259,400.