Sales contracts for US homes dropped in April

— A gauge of Americans who signed contracts to buy homes fell in April from nearly a two-year high in the previous month.

The National Association of Realtors said Wednesday that its index of sales agreements dropped to 95.5, down from March’s reading of 101.1.

A reading of 100 is considered healthy. One year ago, the level was 83.5.

Read tomorrow's Arkansas Democrat-Gazette for full details.

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