While the National Association of Realtors released a report on Tuesday showing a rebound in U.S. existing home sales in the month of April following a decrease in the previous month, sales rose by less than economists had anticipated.
NAR said existing home sales rose 3.4 percent to an annual rate of 4.62 million in April from a downwardly revised 4.47 million in March. Economists had expected sales to climb to an annual rate of 4.66 million from the 4.48 million originally reported for the previous month.
For comments and feedback: editorial@rttnews.com