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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: sandintoes who wrote (683288)5/24/2005 10:45:11 AM
From: Hope Praytochange  Read Replies (2) | Respond to of 769670
 
Home Sales Climb 4.5 Percent in April
By THE ASSOCIATED PRESS
Filed at 10:06 a.m. ET

WASHINGTON (AP) -- Sales of existing homes rose 4.5 percent in April to the highest sales pace on record as low mortgage rates continued to fuel a housing boom, a national trade group reported Tuesday.

The National Association of Realtors reported that sales of single-family homes and condominiums climbed to a seasonally adjusted annual rate of 7.18 million units last month, the fastest pace on record.

The increase was far above the small 0.2 percent advance that had been expected and was credited to further declines in mortgage rates.