US home sales in 2024 fell to lowest level since 1995
- Sales of existing homes in the US fell to 4.06 million in 2024, the lowest level since 1995, according to the National Association of Realtors.
- The average rate on a conventional, 30-year fixed mortgage peaked at 7.22% last year.
- The median price of an existing home reached a record high of $407,500 in 2024, climbing for 18 months straight.
- Home sales showed solid recovery in the final months of the year despite elevated mortgage rates, said NAR Chief Economist Lawrence Yun.
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Coverage Details
Total News Sources0
Leaning Left16Leaning Right18Center27Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 26%
C 44%
R 30%
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