U.S. home resales rose in April and the supply of properties on the market increased, suggesting the housing market was regaining its footing. The National Association of Realtors said on Thursday existing home sales increased 1.3 percent to an annual rate of 4.65 million units, marking the second increase in sales in nine months. While that was a bit less than the 4.68-million unit pace that economists had expected, it was a hopeful sign for a sector that stumbled in the second half of 2013, under the weight of higher mortgage rates and house prices.
via Business News - Yahoo Finance http://ift.tt/1qY0u9J
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