US housing market trend: Home sales rise in July as mortgage rates ease, inventory hits five-year high
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Existing home sales saw a slight increase in July, driven by marginally lower mortgage rates and a rise in available properties. The market experienced a 0.8% year-over-year sales increase, exceeding expectations, while home price growth slowed. Inventory levels reached a five-year high, offering buyers more negotiating power despite properties taking longer to sell. What's Your Reaction?
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