US home sales fell 0.4 percent in May amid inventory crunch

  • In this Wednesday, March 28, 2018, photograph, a sold sign is shown outside a single-family home on the market in Denver. On Wednesday, June 20, the National Association of Realtors reports on sales of existing homes in May. (AP Photo/David Zalubowski, File)

WASHINGTON — U.S. existing home sales slipped 0.4 percent in May, as the prolonged shortage of properties on the market is deterring home-buying.