The National Association of Realtors released a report on Tuesday showing another steep drop in U.S. existing home sales in the month of May.
NAR said existing home sales plunged by 3.4 percent to an annual rate of 5.41 million in May after slumping by 2.6 percent to a revised rate of 5.60 million in April. Existing home sales fell for the fourth consecutive month.
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