U.S. Home Sales Were Flat in April

Sales of previously occupied U.S. homes were essentially flat in April, another lackluster showing for the housing market during what’s traditionally its busiest time of the year.

Existing home sales edged up 0.2 percent last month from March to a seasonally adjusted annual rate of 4.02 million units, the National Association of Realtors (NAR) said Monday. Sales were unchanged compared to April last year.

The latest sales figure fell short of the roughly 4.12 million pace economists were expecting, according to FactSet.

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