Miami Homes, April Sales Rise by 2.9%
From March to April, sales of previously occupied homes rose modestly as buyers who were brave enough to dive into the market took advantage of prices that were 15.4% below year-ago levels.
On Wednesday, the National Association of Realtors said that home sales rose 2.9% to an annual rate of 4.68 million last month, from a downwardly revised pace of 4.55 million in March.
The results slightly more then economists' forecasted. According to Thomson Reuter, sales had been expected to rise to an annual pace of 4.66 million units.
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