By Rex Nutting
WASHINGTON (MarketWatch) - Resales of U.S. homes and condos fell 2.2% to a seasonally adjusted annual rate of 5.66 million in May despite the boost from a federal tax credit for home buyers, according to data released Tuesday by the National Association of Realtors. Economists surveyed by MarketWatch were expecting sales to rise about 6% to a 6.11 annual rate, theorizing that the expiration of the tax credit at the end of June would force some buyers to rush ahead. Inventories of unsold homes fell 3.4% to 3.89 million, an 8.3-month supply at the May sales pace. The median sales price in May was $179,600, up 2.7% from a year ago.
