Home Resales Up 11.3% in April to a 6 1/2-Year High
- Share via
Associated Press
WASHINGTON — The decade’s lowest mortgage rates pushed sales of existing homes in April to their fastest clip in 6 1/2 years, yielding the largest annual increase in median prices since 1981, an industry survey said Tuesday.
Those sales increased 11.3% from March to April for a seasonally adjusted annual rate of 3.56 million units, according to the National Assn. of Realtors’ monthly survey.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
