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US EXISTING HOME SALES HIT NINE-MONTH LOW IN JUNE

  • NEWS Desk Global
  • Jul 23, 2025
  • 1 min read

U.S. existing home sales dropped to a nine-month low in June as higher mortgage rates and economic uncertainty keep potential buyers on the sidelines, pointing to a deepening housing market slump.

The report from the National Association of Realtors on Wednesday added to weak single-family homebuilding last month in suggesting that residential investment, which includes homebuilding and home sales through broker commissions, likely remained a drag on the economy in the second quarter.

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