US home sales maintain recent momentum, up 6% from April 2015

Despite ongoing inventory shortages and faster price growth, existing home sales in the United States have sustained their recent momentum and moved higher for the second consecutive month. The latest data from the National Association of Realtors shows a surge in sales in the Midwest and a decent increase in the Northeast which offset smaller declines in the South and West. Total existing home sales, which are completed transactions that include single family homes, town homes, condominiums and...