U.S. existing-home sales down 2.4% in June, inventory stalls at 4.6-month supply
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Existing-home sales in the US decreased by 2.4% in June, with the inventory of homes for sale remaining at a 4.6-month supply. The decline in sales occurred as home prices reached a record high, suggesting that buyers may be facing challenges. However, there is some uncertainty about the overall trend, as one report indicates that existing-home sales rose year over year in June, contradicting the monthly decline.
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