US June existing home sales 4.09m vs 4.20m expected

US June existing home sales highlights: Prior was 4.17m Sales pace -2.4% vs +3.2% prior (revised to +3.7%) Existing-home sales are the largest component of the U.S. housing market and are closely watched as a read-through on household confidence, affordability, mortgage demand and housing-related consumption. The series captures closings of single-family ho…

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