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September 01, 2020 1:37pm
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Existing-home sales dip 1.7%, housing market struggles despite cheaper mortgages

Sales of previously owned homes slipped 1.7% in June, reflecting continued weakness in the U.S. housing market despite a sharp drop in mortgage rates. Existing-home sales sold at a 5.34 million annual pace last month — down 2.2% from a year ago.
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