WASHINGTON -- Sales of existing single-family homes rose last month and are close to the highest level of activity ever recorded, according to the National Association of Realtors (NAR).
Existing-home sales rose 7.0 percent in April to a seasonally adjusted annual rate of 5.79 million units, from a level of 5.41 million units in March. Last month's sales activity was 9.5 percent above the 5.29-million unit pace in April 2001, and was the third-highest pace on record.