US June home sales fell 2.4% as median price hit record $440,600
Why it matters: high mortgage rates and thin supply are keeping affordability tight even as first-time buyers made up 33% of purchases.
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Subject
#Lawrence Yun
US existing home sales rose 3.2% in May to a 4.17 million pace
Why it matters: Inventory stayed tight at a 4.5-month supply, pushing the median price to a record $429,300 for May.