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The Economic Times

National / The Economic Times

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US existing home sales unexpectedly fall in June

Existing home sales in the United States unexpectedly dropped in June. Record house prices and elevated mortgage rates discouraged many potential buyers. Home sales declined across several regions, reflecting contracts signed earlier. Homeowners with low mortgage rates are hesitant to sell their properties. A national housing shortage continues to keep prices at record highs.

9 Jul 2026 7:42 pm