House sales down 15.3% for year, 3.8% over last month

Remember how bad things were in the housing market a year ago? Well, house sales have fallen by over 15 percent from that level.

Sales of existing homes fell in May, as severe weather and high gas prices weighed on the shaky housing market.
Home sales fell 3.8% to a seasonally adjusted annual rate of 4.81 million, down from a revised rate of 5 million in April, the National Association of Realtors said Tuesday.
Sales were more than 15% lower than in May 2010. . . .