April home sales disappoint, spring market falters
In April, the annual rate of existing home sales increased slightly by 0.2%, reaching 4.02 million, which is significantly lower than analysts' forecasts of over 3% growth. The spring housing market appears to be disappointing.
Key facts
- Existing home sales rose 0.2% in April
- Annual rate reached 4.02 million
- Analysts expected more than 3% growth
- Spring housing market underperforming
Entities
—
Sources
- Quartz —