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In July, REALTORS® continued to hold a modest assessment about the existing home sales market. REALTORS® reported an inventory uptick in some areas (in CA, FL, ME, MI, IN, ID, and VA), but in many areas supply remained tight relative to demand, especially for “lower” and “middle-priced” homes. REALTORS® continued to report about the difficulty of meeting the credit score and down payment requirements that will qualify buyers for a mortgage. As always, local conditions vary from market to market.
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