Existing-Home Sales Heat Up in May
Homebuyers battling tight inventory, tough lending standards, and competing offers from all-cash buyers got a bit of a break in May as more sellers put their homes on the market. May’s 4.9% month-over-month gain in the number of single-family homes, townhomes, condominiums and co-ops for sale was the highest monthly rise since August 2011 (5.5%). […]
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