US Home Resales Barely Rise as Key Selling Season Begins
Prospective buyers arrive during an open house in Rancho Cucamonga, California.
Photographer: Kyle Grillot/BloombergSales of previously owned US homes barely rose in April from a nine-month low, underscoring a sluggish housing market at the start of the spring-selling season.
Contract closings edged up 0.2% to a 4.02 million annualized rate, according to National Association of Realtors data out Monday. That was slightly slower than the median estimate in a Bloomberg survey of economists.