A pair of economic reports on Thursday showed the economy continues to encounter tailwinds as it battles high interest rates and inflation. Existing home sales fell 4.3% in March after February’s strong increase, caught in a vise of mortgage rates at 7% and median prices that rose 4.8% from a year ago, the National Association of Realtors said. “Though rebounding from cyclical lows, home sales are stuck because interest rates have not made any major moves," said NAR Chief Economist Lawrence Yun. "There are nearly six million more jobs now compared to pre-COVID highs, which suggests more aspiring home buyers exist in ... (full story)