U.S. News

U.S. Existing Homes Sales Fall In First-Quarter, Prices Mixed

CNBC.com Staff

Sales of existing U.S. homes fell 6.6% in the first quarter versus last year, but more markets are showing signs of improvement from the end of 2006, according to the

Total state existing-home sales,

including single-family homes and condos, were at a seasonally adjusted annual rate of 6.41 million units in the first quarter, down from a 6.86 million-unit pace in the year-ago quarter, the real estate trade group said. But first-quarter results were 2.4% higher than the fourth quarter of 2006 level of 6.26 million.

Fourteen states and the District of Columbia showed increases in the sales pace from a year ago, up from only six states showing gains in the fourth quarter report.  One state was unchanged, and complete data for two states were not available.