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US Home Sales Dip Again Amid High Prices

8/29/2025

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Summary

Story summary

US pending home sales fell 0.4% in July, marking a second consecutive monthly decline to an index of 71.7.
High prices and borrowing costs continue to deter buyers, despite mortgage rates recently dropping to 6.67%.
Experts predict a possible increase in housing inventory this fall, though demand may not increase similarly.

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Story summary

US pending home sales fell 0.4% in July, marking a second consecutive monthly decline to an index of 71.7.
High prices and borrowing costs continue to deter buyers, despite mortgage rates recently dropping to 6.67%.
Experts predict a possible increase in housing inventory this fall, though demand may not increase similarly.