Just 1 percent of all U.S. homes have changed hands so far this year, according to data from Redfin. It represents the lowest figure in at least a decade.
There was a net $10 billion of outflows from cash in the two weeks to Wednesday, Bank of America (BofA) said. The collapse of Silicon Valley Bank jolted markets, and the rush for cash in the first half of this year was further reinforced by central banks continuing to hike interest rates.