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المشهد العربي
US existing home sales dip slightly
Existing home sales in the United States experienced a slight decline in July, decreasing to 4.06 million units compared to 4.13 million units in June, despite remaining up by 2.4% since the start of the year. This dip is attributed to rising mortgage interest rates, with market momentum expected to pick up if mortgage rates fall to around 6%. Additionally, the median sale price for existing condominiums stood at $579,300, with an inventory of 1.54 million units.
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