Existing-home sales faded 3.4% in April

Existing-home sales decreased in April, according to the National Association of REALTORS®. All four major U.S. regions registered month-over-month and year-over-year sales declines. Total existing-home sales — completed transactions that include single-family homes, townhomes, condominiums and co-ops — slid 3.4% from March to a seasonally adjusted annual rate of 4.28 million in April.