U.S. existing home sales rise 0.2% in April to 4.02 million units, missing expectations.

U.S. existing home sales rose by a modest 0.2% in April to a seasonally adjusted annual rate of 4.02 million units, according to the National Association of Realtors (NAR). The figure marked a slight rebound from March's 3.98 million units but fell short of economists' expectations for 4.05 million, as reported by Reuters. This tepid increase highlights a sluggish housing market kicking off what is traditionally the busiest spring selling season.