Team Thayer Property Servicing

As first-time buyers enter the housing market, the total number of existing-home sales saw the largest increase in May than it has in nearly six years, according to a  report  by the  National Association of Realtors  (NAR). May home sales experienced a growth spurt following April's decline and are now at their highest pace since November 2009. All major regions experienced sales increases in May, led by the Northeast. According to NAR, total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums, and co-ops, increased by 5.1 percent to a seasonally adjusted annual rate of 5.35 million in May from an upwardly revised 5.09 million in April. Sales have now seen increased year-over-year for eight consecutive months and are 9.2 percent (4.90 million) above a year ago. "Solid sales gains were seen throughout the country in May as more homeowners listed their home for sale and theref...