Home sales fell to 2011 low in May, few 1st-time buyers

Fewer people purchased previously occupied homes in May, lowering sales to their weakest point of the year. Home sales sank 3.8 percent last month to a seasonally adjusted annual rate of 4.81 million homes, the National Association of Realtors said Tuesday. Economists say that's far below the 6 million homes per year ...

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