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« Real Estate News for the Week of June 23rd | Main | One of the coolest real estate websites of all time » June 23, 2009Homes sales continue to climbSales of existing homes showed another gain in May, benefiting from favorable affordability conditions and a first-time buyer tax credit, according to the National Association of Realtors. May’s increase was the first back-to-back monthly gain since September 2005. Existing-home sales – including single-family, townhomes, condominiums and co-ops – rose 2.4 percent to a seasonally adjusted annual rate1 of 4.77 million units in May from a downwardly revised level of 4.66 million units in April, but remained 3.6 percent below the 4.95 million-unit pace in May 2008. Posted by Jeff Brooks on June 23, 2009 09:14 AM | Permalink TrackBackTrackBack URL for this entry: |