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Pending Home Sales Dropped in June, Which Means the Housing Market Could Be Cooling Off

Motley Fool

Cover picture for the articleA decline in sales could actually be good news for buyers. There's been a ton of demand to buy a new home as mortgage rates have hovered close to record lows for the majority of the year. But in June, pending home sales fell 1.9% compared to May, according to the National Association of Realtors. And that could be a sign that the housing market is finally starting to calm down.

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