Sales were down to a seasonally adjusted annual rate of 4.33 million units, according to the National Association of Realtors.
That’s the slowest clip for existing home sales since September 2011.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
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Existing Home Sales Plummet Furthest Since 2010
U.S. sales of existing homes tumbled 17.8% in April, their largest one-month drop since a 22.5% plunge in July 2010. So reports the Associated Press.
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