IllustrativeUS Existing-Home Sales Fall to Nine-Month Low as Prices Tick Up
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US existing-home sales have fallen to a nine-month low, with some reports indicating this occurred in March, while others suggest it happened in June. The sales decline has been accompanied by a slight increase in prices. The outlook for the housing market is uncertain, with some predictions of falling home prices and rents in the coming years, potentially due to rising mortgage rates and a tight supply of homes.
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