Home Sales Hit Slowest Pace in 4 Years


WASHINGTON — Reflecting further housing troubles, sales of existing homes fell in May to the lowest level in four years while the median home price dropped for a record 10th consecutive month.
The National Association of Realtors reported Monday that sales of existing single-family homes and condominiums dropped 0.3 percent in May to an annual rate of 5.99 million units, the slowest sales pace since June of 2003.
The median price