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The Nexus
BUSINESSJul 9 · 15:44 UTCFORTUNEAlex Veiga, The Associated Press

The housing market just split in two: Prices are falling out West and soaring in the Northeast

U.S. existing home sales slowed in June, but national home prices reached a record high, exacerbating affordability challenges. Prices rose in the Northeast while falling in the West, with mortgage rates and inventory shortages driving regional disparities.

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National Association of RealtorsorganizationLawrence YunpersonFreddie MacorganizationRealtor.comorganizationmortgage ratestopichome pricestopicThe WestplaceNortheastplace
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