Some good news on the economic front with recent data indicating US housing sales are ticking up again

Some good news on the economic front with recent data indicating US housing sales are ticking up again. US home resales rose more than expected in May and the stock of properties for sale was the highest in more than 1-1/2 years, suggesting that housing was pulling out of a recent slump. Reuters reports that, existing homes are now being sold at an annual rate 4.89 million units, up 4.9 percent month-over-month. Forecasts had put the growth rate at only 2.2 percent. The number of properties on the market is also up, suggesting that the housing market is finally pulling out of its late 2013 slump. Full article for Reuters is available here: (VIEW LINK)