Condo, Co-op Sales Are Up 6.1%; Could Signal an Upward Trend

By Anuradha Kher, Online News EditorWashington, D.C.–Sales of existing homes showed another gain in May, benefiting from favorable affordability conditions and a first-time buyer tax credit, according to the National Association of Realtors (NAR). May’s increase was the first back-to-back monthly gain since September 2005.Existing condominium and co-op sales increased