Home resales in May up 4.9% in slow year

Posted: June 24, 2014 at 4:13 a.m.

A pedestrian walks past a Sotheby's "For Sale" sign displayed outside of a townhouse in New York, U.S., on Monday, June 23, 2014. Americans snapped up previously owned homes in May in the biggest monthly sales gain in almost three years, a sign the residential real estate market is regaining its footing after a stumble early in the year. Photographer: Craig Warga/Bloomberg

WASHINGTON -- Purchases of previously owned U.S. homes rose in May by the most in almost three years, the National Association of Realtors reported Monday.

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