Condo Sales Main Driver of 2.0% Rise in U.S. Existing Home Sales

Condominium sales were the main driver of the 2.0% rise in existing home sales in May, which came in higher than the 1.2% gain expected by economists. Condo sales rose 5.5% in May, more than reversing the 5.2% monthly drop in April, while single family home sales rose 1.6% in the ...