Home Sales Up 5 Percent
It was a good time to sell your home last month. The National Association of Realtors says more than five million existing homes sold in May. That’s up more than 5-percent in April, and above expectations. About a third of last month’s homebuyers were buying their first house. That’s up 5-percentage points from the same time last year. Home sales are now at their highest pace since late 2009.