Existing home sales improved last month, with the Midwest seeing the biggest month-over-month rise. But a key economist questions the ongoing viability of gains.
Last month, there were 583,000 existing home sales. The total reflects completed transactions on single-family homes, townhomes, condominiums and co-ops.
The sale of pre-owned U.S. residential properties, which exceeded any month during this year or last year, was up from a downwardly revised 525,000 in May 2016.
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From:: Financing