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US existing-home sales slip in March; supply tight

A for-sale sign stands in front of a home on March 26, 2013, in Miami, Florida. US existing-home sales slipped while prices gained in March as the number of homes on the market remained tight amid rising demand, the National Association of Realtors said MUS existing-home sales slipped while prices gained in March as the number of homes on the market remained tight amid rising demand, the National Association of Realtors said Monday. Sales fell 0.6 percent from February to an annual pace of 4.92 million units, with condominium sales falling more strongly than single family homes, NAR said.