Existing home sales increased 2.9% in April from March, to a seasonally adjusted rate of 4.68 million units, the National Association of Realtors announced Wednesday.

On average, economists in a Thomson Reuters poll had predicted an increase to a rate of 4.65 million units. The April rise followed a revised March drop of 3.4%, to 4.55 million units, which was originally reported as a 3% slide, to 4.57 million units.

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