The housing market is still struggling to recover from a historic slump, according to industry data released Tuesday that shows sales of previously owned homes slid in May for the second consecutive month to their lowest level this year.
Home sales fell 3.8 percent to a seasonally adjusted rate of 4.8 million homes from May to April, according to data from the National Association of Realtors, a trade group. During a healthy housing market, home sales range between 5.5 million and 5.7 million, according to a spokesman for the Realtors group.
