Home sales can't keep up with May's pace

June home sales slide, inventory swells
Sales of existing U.S. homes in June fell to a seasonally adjusted annual rate of 4.86 million units, down 2.6 percent from May's pace of 4.99 million and down 15.5 percent from the 5.75 million-unit rate a year ago, the National Association of Realtors reports today.

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