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US home sales hit a two-year low in June, driven down by rising mortgage rates and prices.
US home sales fell 2.7% in June, reaching their lowest pace since September 2021, due to high mortgage rates and record-high median sales prices of $435,300.
The National Association of Realtors reported that existing home sales declined to a seasonally adjusted annual rate of 3.93 million units.
Despite more homes being listed for sale, the inventory still falls short of pre-pandemic levels, driving prices up.
High mortgage rates are making homeownership less affordable, particularly for first-time buyers, who made up only 30% of home sales in June.
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Las ventas de viviendas en Estados Unidos alcanzaron su nivel más bajo en dos años en junio, impulsadas por el aumento de las tasas y precios de las hipotecas.