US existing homes fall 1.7% in July as record prices, high mortgage rates stifle would be-buyers

US existing homes fall 1.7% in July as record prices, high mortgage rates stifle would be-buyers

WASHINGTON (AP) — Sales of previously occupied U.S. homes slowed again in July as record prices and the highest mortgage rates in a year prove to be an insurmountable hurdle for many prospective homebuyers. Existing home sales fell 1.7% last month from June to a seasonally adjusted annual rate of 4...

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