U.S. home sales fell in April amid supply squeeze

Washington • Americans pulled back their pace of home-buying in April, as the shrinking number of houses for sale and rising prices are putting them in a bind as their options dwindle. The National Association of Realtors said Wednesday that sales of existing homes declined 2.3 percent last month to a seasonally adjusted annual rate of 5.57 million. Still, a stable job market has supported solid demand from buyers as home purchases are 1.6 percent higher than a year ago. But the specter of fewer...

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