U.S. home sales slipped 1.5 percent in May
WASHINGTON – Americans bought fewer homes in May than April, suggesting a sluggish job market could threaten a modest recovery in housing.
The National Association of Realtors said Thursday that sales of previously occupied homes dropped 1.5 percent in May from the previous month to a seasonally adjusted annual rate of 4.55 million.
Sales have risen 9.6 percent from a year ago, evidence that home sales are slowly improving. Still, the pace has fallen since nearly touching a two-year high in April and it remains well below the 6 million that economists consider healthy.
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