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Springfield, MO
Existing home sales hit a record in May, according to the National Association of Realtors.
The median existing-home price was up nearly 15% to $407,600 compared with a year earlier.
In May, existing home sales amount to a seasonally adjusted annual rate of 5.4 million, down from 5.9 million in the same month of 2021.
Read more from Forbes.
The Bureau of Labor Statistics reported in May the all-items inflation index surged 8.6% over the past year, the highest increase since 1981.