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Existing-Home Sales Bounce Back Strongly in May as First-time Buyers Return

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WASHINGTON (June 22, 2015) — Fueled partly by an increase in the share of sales to first-time buyers, existing-home sales increased in May to their highest pace in nearly six years, according to the National Association of Realtors®. Led by the Northeast, all major regions experienced sales increases in May.

Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 5.1 percent to a… Read More

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