Bushonomics 0
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The number of transactions during the month was 1% lower than in March to an annual rate of 4.89 million, said the National Association
(snip)
The national median existing-home price for all housing types was $202,300 in April, which is 8% below a year ago when the median was $219,900.
Analysts predicted further price falls to come as a result of the increasing backlog of unsold homes.
The NER said inventory rose 10.5% to 4.55 million homes.