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.

This story is only available from our archives.