Home Prices in March Posted Biggest Annual Decline in 11 Years

Sales fell in March for the 13th time in the previous 14 months

PHOTO: Joe Raedle/Getty Images

Home sales fell across the U.S. in March, a sluggish start to the crucial spring selling season as higher mortgage rates squashed momentum from the previous month.

U.S. existing-home sales decreased 2.4% in March from the prior month to a seasonally adjusted annual rate of 4.44 million, the National Association of Realtors said Thursday. March sales fell 22% from a year earlier.

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