US home sales fell 0.4 percent in May amid inventory crunch

By: Josh Boak Associated Press June 20, 2018

U.S. existing home sales slipped 0.4 percent in May, as the prolonged shortage of properties on the market is deterring home-buying. The National Association of Realtors said Wednesday that homes sold at a seasonally adjusted annual pace of 5.43 million in May, the second straight monthly decline. Sales have tumbled 3 percent during the past year, ...

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US home sales fell 0.4 percent in May amid inventory crunch

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