Existing-Home Sales Resumed Decline in March

Existing-home sales fell during March after making a surprise climb in February. Home resales fell to a 4.93 million annual rate, a 2.0% decrease from February's unrevised 5.03 million annual pace, the National Association of Realtors said. Sales were down 19% from the year-earlier month. The median home price was $200,700 in March, up from $195,600 in February but down from $217,400 in March 2007.