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flag US pending home sales rose 6.1% in March, but existing sales fell 5.9%, signaling a mixed housing market.

flag US pending home sales surged unexpectedly by 6.1% in March, reaching 76.5, driven by lower mortgage rates and ongoing job growth, especially in the South, which saw a 9.8% increase. flag Despite this, existing home sales dropped by 5.9% to 4.02 million. flag Home prices are also growing more slowly, with a year-over-year increase of 3.9%, and Zillow predicts a 1.9% drop by the end of 2025.

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