Existing Home Sales Jump in May
Existing
home sales jumped 4.9 percent in May to a seasonally adjusted annual rate of
4.89 million, the National Association of Realtors said yesterday. The increase
was the biggest month-on-month gain since August 2011. Sales remained 5 percent
below their rate a year before. At $213,400, the median sales price for May was
5.1 percent higher than the year before.
--ABA Daily Newsbytes
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