Great divide: Low-priced home sales sink; high-priced ones rise

By Doug Carroll | USA Today

Tuesday’s report on existing home sales last month highlights how tough the market is for buyers of lower-priced homes, especially in parts of the high-priced West.

March sales of previously owned homes fell to their slowest annual pace in 20 months, down 0.2% from February to 4.59 million, the National Association of Realtors reported. It was the third straight monthly decline.

Year over year, the sharpest drop-offs are at the low end of the housing market, continuing a trend visible for two years.

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April 22, 2014

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