Skip to Content
AP National

U.S. existing home sales drop 1.9% in April, pushed lower by high rates and high prices

By
Published 8:05 AM

By PAUL WISEMAN
AP Economics Writer

WASHINGTON (AP) — Sales of previously occupied U.S. homes sank last month, pushed down by high mortgage rates and rising prices. The National Association of Realtors reported Wednesday that existing home sales fell 1.9% to a seasonally adjusted annual rate of 4.14 million from a revised 4.22 million in March. The median price of a previously occupied homes rose 5.7% to $407,600 — the tenth straight increase and a record for April.

Article Topic Follows: AP National

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content