(The Center Square) – U.S. existing-home sales fell 1.7% in July to a seasonally adjusted annual rate of 4.06 million even as prices climbed again, according to the National Association of Realtors.
The median existing-home price hit $434,100 in July, up 2% from a year earlier and the 37th consecutive month of year-over-year price increases. Mortgage rates, meanwhile, have moved higher.
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