Home Sales Jump in April
By Staff -- Purchasing, 6/14/2007
New-home sales saw an unexpected surge in April to 92,000 units from 81,000 in March caused by a big one-month drop in housing prices. According to Commerce Department data, the average price of a home in April decreased to $299,100 from $324,700 in March. However, the housing recession isn't over: Even with this one-month spike factored in, April sales came in 11% below year-earlier levels.

















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