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Existing-home sales fell back in May for the second straight month; sales fell 0.4 percent to seasonally adjusted annual rate of 5.43 million in May from a downwardly revised 5.45 million in April.

Lawrence Yun, NAR chief economist, says a solid economy and job market should be generating a much stronger sales pace than what has been seen so far this year.

“Closings were down...

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