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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.

25 Aug, 13:02 — 25 Aug, 13:24
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The Story

Analyzing sources…

Source Diversity

Source Diversity

Moderate (46/100)
3 sources25/33
Spectrum spread— 3/5 buckets covered17/33
Far L
Left1
Left (1)
Yahoo
Center1
Center (1)
investing-com
Right1
Right (1)
seeking-alpha
Far R
Geographic diversity— 1 region4/34
US3
ℹAll sources from US region

Sources

Showing 2 of 3 sources
YahooMostly Factual7d ago

Home prices rose 2.1% in June, even as high mortgage rates keep the market 'under pressure'

Read full article →
seeking-alphaMixed7d ago

Home prices rise more than expected in June: S&P Cotality Case-Shiller Home Price Index

Read full article →

Coverage Timeline

First report: seeking-alpha · 25 Aug, 13:02Full coverage: 3 · 4hWindow: 4h
Left-leaningCenterRight-leaning
seeking-alpha25 Aug, 13:02First to report

Home prices rise more than expected in June: S&P Cotality Case-Shiller Home Price Index

Yahoo25 Aug, 13:24

Home prices rose 2.1% in June, even as high mortgage rates keep the market 'under pressure'

4h later
investing-com25 Aug, 17:20Latest update

New US home sales drop 10.5% in July on high mortgage rates

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