Home Prices Posted Largest Annual Drop in More Than 11 Years in April

Sales of previously owned homes fell 3.4% from the prior month

This week’s U.S. retail sales data will provide the latest update on inflation and the economy. New data on existing home sales, the housing market index and housing starts will also be released. WSJ’s Dion Rabouin reports. Photo: Saul Loeb/Agence France-Presse/Getty Images

Sales of previously owned homes fell in April from the prior month and prices declined from a year earlier by the most in more than 11 years. 

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