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flag US home sales hit their lowest since 2009 in April, falling 0.5% amid high prices and rates.

flag US home sales in April fell to their lowest level since 2009, dropping 0.5% to a seasonally adjusted annual rate of 4 million units, due to high mortgage rates and rising home prices. flag The national median sales price reached a record $414,000, up 1.8% from a year ago. flag Despite a 21% increase in home inventory, the housing market faces affordability challenges, with first-time buyers making up 34% of purchases.

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