US April new home sales inch upward

New U.S. home sales were almost flat last month, indicating that the housing market's recovery will likely be a slow and gradual process. The Commerce Department said Thursday that sales rose 0.3 percent in April to a seasonally adjusted annual rate of 352,000. But the increase came from a downwardly revised rate of 351,000 in March. April's results missed the expectations of economists surveyed by Thomson Reuters, who expected a sales pace of 360,000 units.

Click here to enter the Tampa Realtors MLS (updated daily)
Register to receive an email every morning of today's new listings
Visit my website or contact me by email