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Home Sales Dip, Prices Hit Record High | Odessa News
Home sales dipped in June, falling 2.4% from May to a seasonally adjusted annual rate of 4.09 million — slightly below economists’ expectations — while prices hit an all-time high of $446,600, marking 36 straight months of year-over-year gains. Despite mortgage rates easing from last year’s highs, affordability remains a major barrier, with tight inventory pushing prices up even as fewer homes sell. Most recent sales likely stemmed from contracts signed in April and May, when rates were near their peak since late 2023. Listen in comfort:Get a discount on a Soli Pillow…
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