Laurel Wamsley
A home for sale in April in Austin, Texas.
The home sales slump in the U.S. continues: Last month was the slowest May for existing home sales since 2009.
Existing home sales in May fell 0.7% compared to the same month last year. Measured monthly, sales were up slightly, 0.8%, from the month before — but that marks an increase from the slowest April for existing home sales in 16 years.
National Association of Realtors Chief Economist Lawrence Yun called the sales figures "very stable, but at the sluggish sales activity level."
