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Originally published Tuesday, June 22, 2010 at 1:37 PM

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Summary Box: Home sales dip as market struggles

SALES SLIP: Sales of previously occupied homes dipped in May, sinking 2.2 percent. That happened even though buyers could receive government tax credits of up to $8,000.

The Associated Press

SALES SLIP: Sales of previously occupied homes dipped in May, sinking 2.2 percent. That happened even though buyers could receive government tax credits of up to $8,000.

BAD SIGN: Analysts fear the real estate market could tumble once the benefit of the federal tax incentives is gone entirely, starting next month.

FORECLOSURES CONTINUE: Sales of foreclosures and other distressed properties made up 31 percent of sales in May. That could rise because the government's efforts to help troubled homeowners keep their homes have had only modest success.

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