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

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 National Association of Realtors said Thursday. Sales rose 2. 8% compared with June last year. The latest sales tally fell short of the roughly 4. 21 million pace economists were expecting, according to...

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