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US Home Sales Drop Amid Rising Prices and Mortgage Rates
BusinessYahooseeking-alphainvesting-com9d ago3 sources

US Home Sales Drop Amid Rising Prices and Mortgage Rates

New US home sales dropped by 10.5% in July, despite a 2.1% rise in home prices in June, as high mortgage rates continue to put pressure on the housing market. The S&P CoreLogic Case-Shiller Home Price Index indicated a greater-than-expected increase in home prices for June.