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Contracts to buy U.S. homes rose slightly in April

By The Associated Press

This article was published May 29, 2014 at 11:05 a.m.

WASHINGTON — More Americans signed contracts to purchase homes in April than the prior month. But the pace of buying is still weaker than last year, as higher prices and relatively tight supplies have limited sales.

The National Association of Realtors said its seasonally adjusted pending home sales index rose 0.4 percent to 97.8 last month. The index remains 9.2 percent below its level a year ago.

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

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