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U.S. existing home sales rise for second straight month, inventory still tight
May 20, 2016 by admin · Leave a Comment
The National Association of Realtors said on Friday existing home sales increased 1.7 percent to an annual rate of 5.45 million units. March's sales pace was revised slightly higher to 5.36 million units from the previously reported 5.33 million units. Economists polled by Reuters had forecast home resales rising to a 5.40 million-unit pace last month.
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U.S. existing home sales rise for second straight month, inventory still tight