Existing home sales rose in May after two consecutive months of decline, with all regions except the West posting increases, according to the National Association of Realtors (NAR). Meanwhile, home prices continued to climb.
Nationally, there was a 0.8 percent increase in total existing-home sales, month over month, to a seasonally adjusted annual rate of 4.03 million. That total was well above the 3.95 million home sales forecast by a sampling of economists across the United States, according to FactSet.
