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Provided by Dow Jones By Nicole Friedman The nationwide house-buying frenzy eased in April, as home prices climbed to new highs and the supply of available properties remained low. Existing-home sales fell 2.7% in April from March to a seasonally adjusted annual rate of 5.85 million, the third straight monthly decline, the National Association of Realtors said Friday. April sales rose 33.9% from a year earlier, when Covid-related lockdowns caused a sharp drop in home sales. Economists surveyed by The Wall Street Journal expected a 0.2% monthly increase in sales of previously owned homes, which make up most of the housing market. Home sales have boomed in the past year as historically low mortgage-interest rates and a wave of millennials entering their prime homebuying years spurred strong demand. But buyers are competing for a limited number of homes for sale, and fast-rising house prices are pushing some prospective homeowners out of

United statesKendra mahoneyChris golightlyKevin mcgrathLawrence yunNicole friedmanRobert frickNews corpCommerce departmentRedfin corpNavy federal credit unionDow jones company incNational association of realtorsNational associationWall street journalNavy federal credit