Home sales cool, prices reach a new record in May

Home sales cool, prices reach a new record in May

‘We’re seeing many would-be buyers taking a break’ May home sales dipped 2.7% compared to April — but were up 87% from a year ago, though the figure is greatly skewed by the Covid-prompted lockdown that halted most sales in May 2020, according to the California Association of Realtors.  Month-to-month home sales have dropped four…