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Sales Of Existing Homes Slip As Inventories Tighten

There was a 0.6 percent dip in sales of existing homes in March from February, the National Association of Realtors reports, because the supply of homes for sale has tightened as the number of would-be buyers is on the rise.

Its data suggest that sales ran at a 4.92 million annual rate, down from a 4.95 million pace the month before.

According to a statement from NAR chief economist Lawrence Yun, "buyer traffic is 25 percent above a year ago when we were already seeing notable gains in shopping activity." But, he adds, "in the same timeframe housing inventories have trended much lower, which is continuing to pressure home prices."

David Sloan, an economist at 4Cast Inc., tells Bloomberg News that "housing will remain a positive for the economy, but there should be some slowing in the next few months. The slowing is temporary. There is a shortage of supply. The housing market will revive."

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NPR

Writer James Alan McPherson, Winner Of Pulitzer, MacArthur And Guggenheim, Dies At 72

McPherson, the first African-American to win the Pulitzer Prize for fiction, has died at 72. His work explored the intersection of white and black lives with deftness, subtlety and wry humor.
NPR

QUIZ: How Much Do You Know About Presidents And Food?

It's week two of the party conventions, and all these speeches are making us hungry. So we made a quiz to test your savvy about presidents and our favorite topic, food.
WAMU 88.5

Your Turn: Ronald Reagan's Shooter, Freddie Gray Verdicts And More

Have opinions about the Democratic National Convention, or the verdicts from the Freddie Gray cases? It's your turn to talk.

NPR

Police Use Fingertip Replicas To Unlock A Murder Victim's Phone

Michigan State University engineers tried 3-D-printed fingertips and special conductive replicas of the victim's fingerprints to crack the biometric lock on his Samsung Galaxy phone.

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