US EditionUS existing home sales dip to 9-month low on high costs
- Existing-Home sales fell by 2.7% in June, according to the National Association of Realtors’ Existing-Home Sales Report.
- High mortgage rates have kept home sales at cyclical lows, affecting the U.S. housing market since early 2022.
- The national median sales price reached an all-time high of $435,300 in June, rising 2% from the previous year.
- Yun estimates that lowering the average rate on a 30-year mortgage to 6% could boost home sales by roughly half a million homes.
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22 Articles
22 Articles
Associated Press News+10 Reposted by 10 other sources
US home sales fall in June as prices soar to new heights
Sales of previously occupied U.S. homes slid in June to the slowest pace since last September as mortgage rates remained elevated and national median sales prices hit unprecedented levels.
·United States
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Coverage Details
Total News Sources22
Leaning Left6Leaning Right2Center11Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 32%
C 58%
11%
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