This matched the Bloomberg economists' survey. Estimates ranged from a decline of 4.9% to 3.5%. The year-over-year drop in March was revised downward from 3.6% to 3.8%. Some may latch onto the unadjusted price increase of 0.7% compared to March, but it's likely a combination of seasonality and REO inventory witholding. All in all, nothing to jump up and down about either way.
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