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US home prices hit an all-time high as sales slow and mortgage rates rise

US home prices hit an all-time high as sales slow and mortgage rates rise
Photo: KSTP 5 Eyewitness News (ABC) · view original

Sales of previously occupied U.S. homes slowed in June, but a key measure of home prices climbed to an all-time high, adding to affordability challenges for prospective homebuyers. Existing home sales fell 2.4% last month from May to a seasonally adjusted annual rate of 4.09 million units, the Na...

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