U.S. existing home sales drop 1.9% in April, pushed lower by high rates and high prices

National Association Of Realtors News

U.S. existing home sales drop 1.9% in April, pushed lower by high rates and high prices
Existing Home SalesLawrence YunSeasonally Adjusted Annual Rate
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WASHINGTON (AP) — Sales of previously occupied U.S. homes sank last month, pushed down by high mortgage rates and rising prices. Existing home sales fell 1.9...

Existing home sales fell 1.9% to a seasonally adjusted annual rate of 4.14 million from a revised 4.2 million in March, the National Association of Realtors reported Wednesday. The median price of previously occupied homes rose 5.7% to $407,600 — the tenth straight increase and a record for April.

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