U.S. home resales exceed 5M annual rate

06/21/2013 | Investor's Business Daily

Sales of existing homes increased 4.2% between April and May, the National Association of Realtors says. Sales hit a seasonally adjusted annual rate of 5.18 million, the first time the rate has topped 5 million since November 2009. Compared with May 2012, sales increased 13%.

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