US existing home sales slump in June; median price hits record high

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US existing home sales slump in June; median price hits record high
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U.S. existing home sales fell more than expected in June as the median house price set another record high, but improving supply and declining mortgage rates offered hope that activity could rebound in the months ahead.

<p>WASHINGTON — U.S.

</p><p>Home resales, which account for a large portion of U.S. housing sales, declined 5.4% on a year-on-year basis in June. The median existing home price soared 4.

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