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International Business Times

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AFP News

US Existing Home Sales Rise In July, Ending Downward Trend

United States NAR The United States

Sales of US existing homes ticked up 1.3 percent in July (Credit: AFP)

Sales of previously owned homes in the United States edged up in July, industry data showed on Thursday, breaking a four-month trend of declines.

Homebuyers in the world's biggest economy have been grappling with a surge in mortgage rates after the US central bank rapidly lifted the benchmark lending rate in 2022.

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