Home sales dip in June

Julie C. Nichols General

By Les Christie @CNNMoney

Sales of existing homes stumbled in June after hitting a three and a half year high in May.

The number of sales dipped 1.2% to an annual rate of 5.08 million in June from a downwardly revised 5.14 million in May, according to the National Association of Realtors. However, sales were up 15.2% compared to June, 2012.

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