Existing Home Sales Monthly Gain Is Strongest Since 2009

Existing home sales climed by 5.1% in May over April, the biggest gain since 2009. Sales in April were down 2.3% vs. the prior month.  Best of all, the number of first-time buyers is picking up. Ian Lyngen of CRT Capital observes: The annualized pace of 5.35 mil marked the highest since 2009 with the [...]