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flag US home sales hit a four-year low in June, falling 2.7% due to high mortgage rates and prices.

flag US home sales fell in June to the slowest pace since September 2021, dropping 2.7% to an annual rate of 3.93 million units, due to high mortgage rates and record median home prices of $435,300. flag First-time buyers, who make up 30% of sales, are particularly affected by the affordability crunch. flag Despite the slowdown, more homes are available, with 20.7% of listings seeing price reductions, providing opportunities for those who can afford current prices.

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