(The Center Square) – Home sales are increasing slightly and mortgage costs are dropping across the nation, a new Zillow report reveals. Yet both the price of sold homes and the cost of rent continue to rise, illustrating what many have dubbed a housing affordability crisis.
Zillow’s June Market Report shows that U.S. home sales grew by 5.9% since last year, with a total of 381,125 homes sold in June. The number is a 9.2% increase since May.
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