Existing Home Sales Rise—Affordability Helps

Low interest rates help
Nick and Hillary Fredrick prepare to look at a home in Silver Spring, Md. This is the 74th home the couple has looked at since January Photograph by Matt McClain for The Washington Post via Getty Images

To move the merchandise, cut the price. That time-tested formula finally seems to be working in the U.S. housing market. The National Association of Realtors said today that sales of existing homes rose 3.4 percent in April, from March (seasonally adjusted).

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