Sales of existing homes in April to rebound in the American Union: NAR

Sales of existing homes rose in April in the U.S. and the supply of properties on the market also increased, suggesting that the housing sector is recovering strength.

The National Association of Realtors (NAR, for its acronym in English) reported that home sales rose 1.3 percent to an annual rate of 4.65 million units, the second increase in sales in nine months.

Economists had expected a figure at 4.68 million units.

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