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Existing Home Sales Down 3.4% in May

Existing Home Sales Down 3.4% in May The National Association of Realtors is reporting that existing home sales were down 3.4% in May to a seasonally-adjusted annual rate of 5.41 million (down 8.6% year over year).  Total housing inventory at the end of May was 1,160,000 units, down 4.1% from one year ago.  Unsold inventory

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