WASHINGTON — Sales of previously owned U.S. homes rebounded slightly in April, but the pace of buying remained below last year’s level.
The National Association of Realtors said sales rose 1.3 percent from March to a seasonally adjusted annual rate of 4.65 million. Purchases of homes over the past 12 months have dropped 6.8 percent.
Much of the gains were concentrated in the volatile condominium market, which experienced growth of 7.3 percent. Sales of single-family homes were up just 0.5 percent last month.
Read tomorrow's Arkansas Democrat-Gazette for full details.