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US new home sales dove by 11.3% month-over-month in May, a noticeable difference between expectations for just a 0.2% drop. The US Census Bureau also reported that median new home prices fell to $417,400 in the month. Catalysts Hosts Seana Smith and Madison Mills sift through the fresh housing data and its relation to elevated mortgage rates and homebuilder sentiments. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.