http://seattletimes.nwsource.com/html/businesstechnology/2018315621_apuspendinghomesales.html
A gauge of Americans who signed contracts to buy homes fell in April from nearly a two-year high in the previous month.
The decline was the biggest in a year. Still, sales are well ahead of last year’s level for the same month, suggesting the housing market is improving slowly.
The National Association of Realtors said Wednesday that its index of sales agreements dropped to 95.5, down from March’s reading of 101.1.
The decline could be a sign that a milder winter accelerated some home sales that normally take place in the spring.
Home prices rose in March from February in most major U.S. cities for the first time in seven months, according to the Standard and Poor’s/Case-Shiller index.
Builders are breaking ground on more homes and requesting more permits to build single-family homes later this year.
Still, the pace of home sales remains well below healthy levels. Economists say it could be years before the market is fully healed.
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