U.S. home resales dropped in April, following a month where they rose at the fastest pace in nine months, according to the National Association of Realtors.

Resales fell 6.2% last month to an annual rate of 4.88 million at a seasonally adjusted annual rate, NAR said. Last month's level of sales is still higher than in February, and followed a revised 9.2% gain in March to an annual rate of 5.2 million, originally reported as a 1.5% rise to a 4.83 million pace.

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