Home prices and sales rose in April, and that’s good news for home owners and home sellers.
The National Association of Realtors said yesterday that the nation’s sales of previously owned homes rose a surprising 7.6 percent last month. This is the best showing in five months and far better than what economists had predicted. The Midwest did even better than most of the country. Sales here rose 9.9 percent.
The increase in sales sparked a rise in home prices. The median price for homes sold rose to $173,100, up 4 percent from a year ago