May Home Sales Fall to Lowest Level in 6 Years

Contracts to purchase a home in New Jersey declined in May by 23% as compared to the same month last year, falling to their lowest level of the past 6 years. Considering that contract-sales in April recorded their 2nd highest pace on record in New Jersey, this marks a stunning reversal for the mobile porn housing market raising concerns about the sustainability of the recovery that has been taking shape in the housing market and overall economy since last year.

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