- U.S. existing home sales fell 1% MoM to a 4.89 million-unit annual rate, the National Association of Realtors said.
The median price of an existing home fell to $202,300 from $219,900 in April 2007.
The number of previously owned unsold homes on the market at the end of April jumped to 4.55 million from 4.12 million in March. This represented 11.2 months' supply at the current sales pace.
- Index of services and manufacturing in Europe fell from 51.9 to 51.1 in May.
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