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Axios
Axios

April pending home sales hit four-year low as rates and prices soar

Data: National Association of Realtors; Chart: Axios Visuals

Pending home sales fell to the lowest level in four years in April — the worst reading since the height of the pandemic lockdown.

Why it matters: Spring homebuying season is looking like a serious slump — it's the second-lowest reading since the National Association of Realtors started tracking the data in 2001.

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