Sales of previously owned homes hit highest in 3-1/2 years

Posted by Bonnie Martin Designated Broker on Thursday, May 23rd, 2013 at 8:33am.


nbcnews.com - U.S. home resales rose in April to the highest level in nearly 3-1/2 years as surging prices lured sellers back into market, which should support the housing sector and the overall economic recovery.

The National Association of Realtors said on Wednesday existing home sales advanced 0.6 percent to an annual rate of 4.97 million units, the highest level since November 2009.

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