Existing-Home Sales Fizzle

After early gains in the season, April existing-home sales fizzled, with every region sputtering, the National Association of REALTORS® (NAR) reports. Activity in April declined 2.5 percent to 5.46 million, down 1.4 percent from the prior year. Inventory increased 9.8 percent to 1.8 million, but, by comparison, was 6.3 percent lower than the prior year.“The root cause of the underperforming sales activity in much of the country so far this year continues to be the utter lack of availab