US existing home sales rise

Sales of existing US homes rose 1.0 percent in March to the third-highest level on record as an increase in single-family sales offset a dip in sales of condominiums, a trade group said on Monday. Sales of previously owned homes rose to a seasonally adjusted annual rate of 6.89 million units last month, the National Association of Realtors said. That figure includes both single-family homes and condominiums. Single-family homes sales increased 1.2 percent in March to a 6.04 million unit rate from a 5.97 million unit rate in February.
Condo sales fell 0.1 percent to a 845,000 unit rate from an 846,000 unit pace in February.