Tuesday, June 21, 2011
Round 2 or is it 3 starting
Existing home sales drop 3.8%
Sales of existing homes fell in May, as severe weather and high gas prices weighed on the shaky housing market. Home sales fell 3.8% to a seasonally adjusted annual rate of 4.81 million, down from a revised rate of 5 million in April, the National Association of Realtors said Tuesday.
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