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Slowest pace since 2003 sends glut of homes to 15-year high; prices slide as buyers shy away from battered market.

NEW YORK (CNNMoney.com) — Home sales slumped to a four-year low in May as prices slid further and the glut of homes on the market hit a 15-year high, a real estate group said Monday, noting buyers are being scared away by the weak housing market.

Read the rest at CNN Money

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