US home sales in 2024 fell to lowest level since 1995

U.S. home sales in 2024 were the lowest they’ve been in nearly 30 years

Economists point to affordability issues with elevated home prices, alongside higher mortgage rates and a lack of inventory to explain the trend.

Why 2024 was arguably the toughest year for home buyers and sellers in 30 years

Existing-home sales in 2024 fell to the lowest level since 1995, Realtors say.

Existing Home Sales Slipped to Lowest Level Since 1995 as Prices Climb | The Star News Network

by Brett Rowland   Sales of existing homes declined to the lowest level annually since 1995 while the median price reached a record high of $407,500 last year. On a monthly basis, sales of existing homes climbed 2.2% in December to a seasonally adjusted annual rate of 4.24 million, the quickest pace since last February, according to most recent figures from the National Association of Realtors. Total existing-home sales — which includes single-f…

Existing Home Sales Slipped to Lowest Level Since 1995 as Prices Climb

by Brett Rowland   Sales of existing homes declined to the lowest level annually since 1995 while the median price reached a record high of $407,500 last year. On a monthly basis, sales of existing homes climbed 2.2% in December to a seasonally adjusted annual rate of 4.24 million, the quickest pace since last February, according to most recent figures from the National Association of Realtors. Total existing-home sales — which includes single-fa

The U.S. just experienced its slowest annual sales of homes since 1995

The final figures for home sales last year are in, and the story is quite grim: 2024 was the slowest year for existing home sales in nearly three decades.Existing-home sales last year totaled 4.06 million, the lowest on an annual basis since 1995, according to the National Association of Realtors on Friday.A big factor behind the slowdown was elevated mortgage rates, which spent most of the year above 6.5%.Although rates hit a low of 6.08% in la…

Sales of Existing Homes Finally Begin to Thaw a Little, amid Highest Supply for December since 2018

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