Sales of existing homes jumped to their highest level in nearly six years in May, according to the National Association of Realtors.
The 5.1 percent increase in May brought sales to a seasonally adjusted annual rate of 5.35 million. That’s 9 percent above the pace a year ago. Included in this total are sales of single-family homes, townhomes, condominums and co-ops.
“Solid sales gains were seen throughout the country in May as more homeowners listed their home for sale and therefore provided… …read more