The economic hits just keep on coming:

On Tuesday, the National Association of Realtors reported a worse than expected 2.0% drop in sales of existing single-family homes and condominiums in March to a seasonally adjusted annual rate of 4.93 million units compared to February. Compared to a year ago, sales were off 19.3%. The median price of a home sold last month dropped to $200,700, a decline of 7.7% from the median price a year ago.