Published November 20, 2014
HOME SALES: Sales of previously occupied homes declined 1.5 percent in May from April to a seasonally adjusted annual rate of 4.55 million.
LONGER VIEW: 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 remains well below the 6 million that economists consider healthy.
OUTLOOK: The monthly decline follows a report that employers added the fewest jobs in May in a year. Weaker hiring has slowed the broader economy and could lead some to reconsider buying a home.
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https://www.foxnews.com/us/news-summary-home-sales-fell-1-5-percent-in-may