U.S. existing home sales slump to 9-1/2-year low

U.S. homes sale is one of the drivers of US economy. U.S. existing homes sale decreased by 26.6% compared with last year in May 2020. In addition, the supply of homes available for sale is still tight, indicating a strong housing market recovery is unlikely. These is a result of negative growth in U.S. 2020 GDP quarter one.
Reuters