U.S. home resales unexpectedly fall, tarnishing housing recovery

May 21, 2015 2:03 PM

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U.S. home resales unexpectedly fall, tarnishing housing recovery

WASHINGTON U.S. home resales unexpectedly fell in April as tight inventories pushed prices higher, giving a cautious signal on the strength of the housing market.

The National Association of Realtors said on Thursday existing home sales dropped 3.3 percent to an annual rate of 5.04 million units.

Also read: Miami Beach Waterfront Home Lists for $22.5 Million

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