Reuters: U.S. home sales fall as prices head toward record high

Reuters: U.S. home sales fall as prices head toward record high

Bad news if you’re in the market for a new house.

A recent report shows U.S. home sales posted their third straight monthly decline with an unexpected fall in June, according to a Reuters article. The declines have been driven by a shortae of properties on the market, which have pushed prices to record highs.

Economists have expressed concern that the higher prices and mortgage rates will eventually cause demand to slow.

For more, read the full Reuters article here. 

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