WASHINGTON -Sales of new U.S. single-family homes plunged to a 6-1/2-year low in July as persistently high mortgage rates and house prices further eroded affordability. The housing market has been the sector hardest hit by the aggressive interest rate increases delivered by the Federal Reserve to tame inflation. The report from the Commerce Department on … Continue reading U.S. new home sales dive to 6-1/2-year low; prices remain high