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The National Association of Realtors released the U.S. existing home sales today. Sales of existing homes in the U.S. climbed to 1.3% in April to an annual rate of 4.65 million units, missing expectations of a 2.2% gain to 4.68 million. That was the first increase in 2014.
Chief economist at the National Association of Realtors Lawrence Yun said he is optimistic about the development of existing home sales.
The median home price gained 5.2% in April to $201,700 from the same period a year earlier.
The Federal Reserve expressed concern that the slow pace of the housing recovery is a risk for the broader economy's continued improvement.
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