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US new home listings rise 2% to highest level since August 2022

US new home listings climbed 2.1% to their highest level since August 2022, but pending sales fell as mortgage rates near 6.66% push

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US new home listings climbed 2.1% to their highest level since August 2022, but pending sales fell as mortgage rates near 6.66% push

Contract closings slipped 2 per cent to an annualised rate of 3.98 million in August, as would-be buyers wait for relief on mortgage rates.