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July 10, 2026

Home prices hit new high as sales slow and mortgage rates rise

By ALEX VEIGA
AP Business Writer

Sales of previously occupied U.S. homes slowed in June, but a key measure of home prices climbed to an all-time high, adding to affordability challenges for prospective homebuyers.

Existing home sales fell 2.4% last month from May to a seasonally adjusted annual rate of 4.09 million units, the National Association of Realtors said Thursday. Sales rose 2.8% compared with June last year.


 
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