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Wednesday, Jul 10
"Traffic remains healthy in the face of rising mortgage rates, continuing to push prices...
"Traffic remains healthy in the face of rising mortgage rates, continuing to push prices higher," leads off a Credit Suisse survey on residential real estate. Buyers now fear "missing out" if they wait and continue to express frustration with low inventory levels. CS' index of buyer traffic edged down to 60.5 in June from 63.4 in May - exceeding expectations for this time of year. The home listings index fell to 61.8 from 67.1. Time needed to sell fell to 75.9 from 81.1. XHB +12.9% YTD.