- The median home price hit a record $435,300 in June, a 2% increase over last year. Price gains were greater at the higher end of the market.
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- Existing home sales fell to a 9-month low in June. Mortgage rates and uncertainty sidelined buyers, deepening the housing market slump.
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- New home sales remained weak in June, falling short of estimates. Builder incentives couldn’t overcome buyers’ resistance to higher costs.
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