Housing market hits snag in recovery efforts
Posted: Jul 20, 2012 9:53 AM EDT | Updated: Nov 6, 2014 4:58 AM EDT
The housing market hit a snag during its recovery efforts.
That's according to the National Association of Realtors. The group reports the sales rate for existing homes is up 4 percent from June of 2011, but since May of this year.
That number is down more than 5 percent. An economist for the realtors' group said the dip is not because of a lack of demand.
Instead it is a lack of supply.
