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The U.S. just experienced its slowest annual sales of homes since 1995
The market sputtered amid high mortgage rates, high prices, and homeowners with lower rates who have no plans to move.
U.S. Homes Sales in 2024 Fell to Lowest Level in Nearly 30 Years
Higher mortgages rates and record home prices kept sales subdued for the second straight year.
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.
Existing-Home Sales in 2024 Were Slowest in Decades
The market perked up late in the year when interest rates eased, but affordability challenges yielded the fewest transactions since 1995.
Existing home sales slipped to lowest level since 1995 as prices climb
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.
US existing home sales in 2024 drop to lowest level since 1995
A total of 4.06 million previously owned houses were sold in the U.S. last year, the lowest number since 1995. Lisa Bernhard has more.
2d
on MSN
US home sales in 2024 fell to lowest level since 1995
Sales of existing homes in the US fell last year to the lowest level in almost three decades, as sky-high home prices and ...
2d
on MSN
2024 US home sales hit lowest level in nearly 30 years with ownership increasingly out of reach
Sales of previously occupied U.S. homes fell in 2024 to a nearly 30-year low for the second year in a row as elevated ...
2d
US existing home sales rise in December; house prices hit record high in 2024
U.S. existing home sales increased to a 10-month high in December, but further gains are likely to be limited by elevated ...
2d
on MSN
Housing market rewind: Home sales drop in 2024 to level not seen since the '90s
“While respondents remain discouraged by the pandemic-era run-up in home prices and mortgage rates, the upward trend in ...
30m
Wall Street bets Tesla’s 2025 sales will miss Elon Musk’s target
This year Tesla is revamping the Model Y, but last year it scrapped plans for a new $25,000 vehicle dubbed Model 2 in public and known as NV91 internally. Musk has been vague about plans for a ...
2d
on MSN
Existing Home Sales Hit a Multidecade Low. Why Are Economists Upbeat About the Housing Market?
Existing-home sales were higher in December, but still came in at their lowest levels since 1995. Economists see positive ...
1d
2024 Palm Beach County home sales lowest in at least 10 years but prices keep rising
Just 127 Palm Beach County single-family homes sold last year for $149,000 or less. At the same time, 3,226 homes sold for $1 ...
2d
on MSN
Volkswagen targets higher EV sales to avoid hefty €1.5 billion EU emission fines
EU countries such as France and Italy have urged Brussels to ditch the penalties for embattled European carmakers, who have ...
2d
Canada December factory sales most likely up 0.6% -Statscan flash estimate
Canadian factory sales most likely rose 0.6% in December from November, largely driven by increases in the petroleum and coal ...
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