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June home sales disappoint as prices reach an all-time high - CNBC

June home sales disappoint as prices reach an all-time high - CNBC

Home sales dropped in June month over month as mortgage rates remain stubbornly high. Prices hit an all-time high.

High mortgage rates coupled with record-high prices are causing homebuyers to pull back. Sales of previously owned homes in June dropped 2.4% from May to 4.09 million units on a seasonally adjusted,… [+2188 chars]

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