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U.S. home sales hit a 10-year low

  • U.S. Home sales reached a 10-year low in February 2025, with 248,233 residences sold nationwide at $352,000 median price.
  • This drop followed the Federal Reserve’s interest rate hikes beginning in early 2022 aimed at combating the worst inflation in four decades.
  • Homebuying fell 37% over three years and stayed below a 4-million annual pace for nine consecutive months, while median payments nearly tripled to $1,843 despite a 50% income rise.
  • The median price in February 2025 was 4% below the June 2024 high of $365,000 and ranks ninth highest on record, highlighting sustained high prices amid declining sales.
  • Limited affordability, economic uncertainty, and stubbornly high home prices have discouraged many potential buyers, chilling the nationwide housing market.
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LA Daily NewsLA Daily News
+8 Reposted by 8 other sources
Center

U.S. home sales hit a 10-year low

The last time the U.S. housing market was this slow, “Fifty Shades of Grey” topped the box office and “Uptown Funk” was the No. 1 song. To get a broader glimpse into the nation’s housing market, my trusty spreadsheet reviewed a slightly different set of home sales figures created for the Southern California News Group by the real estate data firm Attom. Unlike many industry yardsticks that track only existing single-family homes, Attom’s statist…

·Los Angeles, United States
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castanet.netcastanet.net
+6 Reposted by 6 other sources
Center

Vancouver home sales continue falling in April amid trade war: board

Vancouver home sales activity was down again in April as the city's real estate board says some buyers are likely trying to "patiently wait out the storm" with the ongoing Canada-U.S. trade war.

·Kelowna, Canada
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  • 71% of the sources are Center
71% Center
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NiagaraFallsReview.ca broke the news in Niagara Falls, Canada on Friday, May 2, 2025.
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