U.S. existing home sales drop to 4-year low in April

11:40 am ET May 25, 2007

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U.S. existing home sales drop to 4-year low in April

WASHINGTON
Resales of U.S. homes fell 2.6% in April to a seasonally adjusted
annualized rate of 5.99 million, the slowest pace in four years, the
National Association of Realtors said Friday.