US home sales tick up to highest in 3 ½ years
WASHINGTON -- Sales of previously-occupied U.S. homes ticked up last month to the highest level in three and a half years, helped by a jump in the number of houses for sale.
The National Association of Realtors says sales rose to a seasonally adjusted annual rate of 4.97 million, up from 4.94 million in March.
Home sales have risen 9.7 percent in the past 12 months. Still, sales have changed little since November. The supply of available homes remains tight and many would-be buyers aren't able to get loans.
The number of homes for sale jumped to 2.16 million, up nearly 12 percent from the previous month. But inventory is still almost 14 percent lower than a year earlier.
housing, economy, business
- Truck driver dies after pinned while making delivery in Fresno 40 min ago
- Juvenile seriously injured in Planada shooting
- Lawsuit filed after arrest made in Elbow Room fight
- Helicopter crashes while warming citrus grove
- Man arrested after a shooting spree in Fresno
- Man arrested for beating outside Elbow Room
- Pulmonary Rehab: Healing with music
- Fresno State fans plan for the Royal Purple Vegas Bowl 27 min ago
- Derek Carr not on Heisman Trophy finalist list
- Surviving the mall's food court
- 18 LA sheriff's deputies face US charges
- Selma High grad, Bobby Cox, elected to Hall of Fame
- 3 cars and FAX bus involved in crash
- Hanford man found dead inside a car in Armona