Existing-Home Sales Fell 0.4 Percent in May
Existing-home sales decreased 0.4 percent to a seasonally adjusted annual rate of 5.45 million in May, according to the National Association of Realtors (NAR). This followed a 2.5 percent decline in April. Sales are 3.0 percent below the May 2017 level. “Closings were down in a majority of the country last month and declined on