Pending home sales in June dropped 5.4% month-over-month and 0.3% year-over-year, with declines across all major U.S. regions except year-over-year gains in the Northeast and Midwest. High mortgage rates and record home prices challenge buyers, especially first-timers. Some metro areas, including Virginia Beach and Sacramento, saw notable sales increases. Market conditions vary widely by city, reflecting differing supply and demand dynamics.
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