US Housing Market Faces Continuing Challenges as Borrowing Costs Remain High
Sales of existing homes in the U.S. fell to the lowest level in nearly three decades last year, driven by sky-high home prices and elevated mortgage rates that discouraged potential buyers. The National Association of Realtors reported that 4.06 million existing-home sales occurred in 2024—a figure marking a new low since 1995. Despite some momentum … Read more