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The Piney Point

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: KPRC 2 / Click2Houston (NBC) · 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 prospective homebuyers' affordability challenges.Existing home sales fell 2.4% last month from May to a seasonally adjusted annual rate of 4.09 million units, the Nation...

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