After April's ugliness, today's Existing Home Sales data for May is the first chance to see signs of recovery in the housing market as state reopenings accelerate. Analysts, however, were not buying it, expecting a 2.1% MoM drop in the key data point, but the data did better than expected, dropping 'only' 0.9% MoM. That is the 4th straight month of existing home sales declines...
...