Existing Home Sales Decline 1.2%

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xisting home sales fell 1.2% in May to the lowest level since January, the National Association of Realtors said Tuesday.

The level declined to a 6.67 million annual rate from April’s 6.7 million rate, NAR said.

Existing home sales account for 85% of the residential real estate market in the United States. When a home is sold, trucks are usually used to transport household appliances and furniture.