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

Motley Fool
 2021-08-01

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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