美楼市疲软，销量创三年来最大月度跌幅

Group 1: U.S. Housing Market Trends - The U.S. housing market experienced its largest monthly decline in home sales since November 2022, with a 5.9% decrease in March [1] - The median sales price of existing homes rose to $403,700 in March, up from $392,900 a year ago and $398,400 in February [1] - The overall real estate market remains sluggish, with sales declining in the Midwest and South, while the West saw an increase and the Northeast remained stable [1] Group 2: Mortgage Rates and Buyer Sentiment - High mortgage rates are challenging affordability, leading to low transaction volumes in March [1] - The liquidity of residential properties is at a historical low, raising concerns about market stability [1] - Despite the challenges, the value of real estate assets is substantial, with a total valuation of $52 trillion, indicating a strong foundation for the market [1] Group 3: Asian Investors' Shift in Focus - Asian investors are showing a negative attitude towards U.S. dollar assets, with a shift in interest towards properties in Thailand, Malaysia, and Australia [2] - The foreign buyer market in the U.S. is expected to shrink significantly this year, marking the third consecutive year of a depressed housing market [2] - Many potential buyers are postponing mortgage applications due to rising interest rates, leading to a wait-and-see approach [2]