Menu

ECONOMY

US home sales climbed 1.3 percent in April, but sales still below 2013 pace

Sales of existing U.S. homes rebounded slightly in April, but the pace of buying remained below last year's level.

The National Association of Realtors says sales rose 1.3 percent from March to a seasonally adjusted annual rate of 4.65 million. Purchases of homes over the past 12 months have dropped 6.8 percent.

Much of the gains were concentrated in the volatile condominium market, which experienced growth of 7.3 percent. Sales of single-family homes were up just 0.5 percent last month.

Despite the increase, sales are well below the 5.1 million bought in 2013 and the 5.5 million associated with a healthy market.

Higher mortgage rates and rising prices have lowered sales since last summer. Median prices rose 5.2 percent to $201,7000 in April, the slowest growth rate since March 2012.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.32% up 4.27%  
15 Y Fixed Graph 3.29% up 3.27%  
30 Y Fixed Jumbo Graph 4.61% up 4.57%  
5/1 ARM Graph 3.34% dw 3.47%  
5/1 Jumbo ARM Graph 3.60% up 3.51%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.38% dw 4.47%  
$50K HELOC Graph 4.11% dw 4.17%  
$30K Loan Graph 4.98% dw 5.11%  
$50K Loan Graph 4.40% dw 4.55%  
$75K Loan Graph 4.40% dw 4.51%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.91% -- 2.91%  
36 M Used Graph 3.40% dw 3.44%  
48 M New Graph 3.16% dw 3.19%  
48 M Used Graph 2.90% dw 2.97%  
60 M New Graph 3.18% dw 3.22%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.35% up 0.34%  
1 yr Graph 0.67% dw 0.67%  
5 yr Graph 1.38% -- 1.38%