U.S. existing home sales unexpectedly fell in April despite a temporary drop in mortgage rates and increased supply, and could remain lackluster this year amid rising economic uncertainty. Home sales slipped 0.

Both on a year-over-year and month-over-month basis, existing-home sales fell to a seasonally adjusted annual rate of 4 million in April

Home sales in April dropped, as consumers faced high home prices and growing concern over the economy and employment.