US home prices have reached a new high, while sales of existing homes have slowed. In June, sales of previously occupied homes fell by 2.4% from the previous month.
Despite the decline, sales were up 2.8% compared to the same time last year. The current sales pace is below what economists had expected.
Further details on the national housing market trends are available from the National Association of Realtors, including the impact of rising mortgage rates on home sales.
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