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In April, existing home sales fell slightly from the previous month, but growing inventory signaled improvement in the market, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said he is not overly concerned about April's 0.4% dip in sales and expects moderate growth very soon.
Redfin says America's vacant homes are not only selling for less money, but they're also spending more time on the market. In fact, Redfin's data indicates the average vacant home now sells for $11,306 less and spends six more days on the market than comparable occupied homes.