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U.S. housing mobility falls to record-low 13.5% as mortgage lock-in persists

Verifying
  • Apollo highlights record-low U.S. 12-month residence-change probability at 13.5%.
  • July existing-home sales reached a 4.06 million annualized pace, about 1.2 million below pre-pandemic levels.
  • Home Depot reported second-quarter sales of $47.9 billion, while customer transactions declined 1%.
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