WASHINGTON — Americans bought more previously owned homes in April, a hopeful sign that the weak housing market is gradually improving.
The National Association of Realtors says home sales rose 3.4 percent last month to a seasonally adjusted annual rate of 4.62 million.
That still lags January and February's pace — which was the best for those months in five years. And it well below the nearly 6 million per year that economists equate with healthy markets.
A mild winter encouraged some people to buy homes earlier. That drove up sales in January and February, while making March weaker.
The median price for homes sold in April rose to $177,400, up 10.1 percent from a year ago.
Marco Art Center gets a facelift
Hilton earns Diamond Award, 2013
Scripps Interactive Newspapers Group
Comments » 0
Be the first to post a comment!
Share your thoughts
Comments are the sole responsibility of the person posting them. You agree not to post comments that are off topic, defamatory, obscene, abusive, threatening or an invasion of privacy. Violators may be banned. Click here for our full user agreement.