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Mon, 13 Apr 2026

Mon, 13 Apr 2026 US home buyers 'frozen' as sales slump over Iran war fears

The number of homes sold in the US hit a nine-month low, with economists warning of the slowdown could worsen.
- Lowest number of homes sold in 9 months (3.98m existing home sales in March) - Average 30-year fixed mortgage rate at 6.37% (up from 5.98% before strikes began) - Sales expected to slow further due to "weakening housing demand" - Limited supply pushing up median home price to $408,800 (1.4% higher than a year earlier) - Analysts predict continued strain on market as interest rates remain high - Higher energy prices and wider economic slowdown could worsen impact of war - Hundreds of cheapest mortgage deals have disappeared over the last month