April existing home sales rise to second-highest pace on record, says NAR
Existing single-family home sales rose strongly in March to the second-highest level on record, according to the National Association of Realtors.
Existing-home sales increased 5.7 percent to a seasonally adjusted annual rate of 6.48 million units in March from an upwardly revised pace of 6.13 million units in February. Last month's sales activity was 12.7 percent above the 5.75-million unit level in March 2003; the record is 6.68 million in September 2003.