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U.S. Existing-Home Sales Rise in May Despite Tight Supply

The fact that sales of existing homes rose in May.

“The fact that sales of existing homes rose in May, despite incredibly limited selection, shrinking times on market and rapidly rising prices is a testament to just how strong the draw to homeownership is right now for millions of Americans,” said Svenja Gudell, Zillow’s chief economist.

U.S. Existing-Home Sales Rise in May

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U.S. Existing-Home Sales Rise in May Despite Tight Supply

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