US June existing home sales 4.09m vs 4.20m expected
US June existing home sales highlights:Prior was 4.17mSales pace -2.4% vs +3.2% prior Inventory at 4.6 months vs 4.5 month priorMedian sale price +1.8% vs +1.3% y/y priorThe Fed is fighting an inflation battle but housing has been a material help in keeping prices low. That's a blessing but it could be a curse if/when home prices begin to accelerate again.
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