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Sales contracts for US homes dropped in April

May 31, 2012 • Business


In this Saturday, March 17, 2012, photo, an unidentified woman passes by a pending sale sign outside home on the market in south Denver. A gauge of Americans who signed contracts to buy homes fell in April from nearly a two-year high in the previous month. The decline was the biggest in a year, but sales are still well ahead of last year’s level for the same month, suggesting the housing market is improving slowly. (AP Photo/David Zalubowski)

WASHINGTON (AP) — A gauge of Americans who signed contracts to buy homes fell in April from nearly a two-year high in the previous month.

The decline was the biggest in a year. Still, sales are well ahead of last year’s level for the same month, suggesting the housing market is improving slowly.

The National Association of Realtors said Wednesday that its index of sales agreements dropped to 95.5, down from March’s Login to read more

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