US Home Sales Hit Record Low Amid Soaring Prices and Rising Mortgage Rates
24.01.2025, 18:00
In a concerning trend for the housing market, US home sales in 2024 fell to their lowest level since 1995, marking a decline to the lowest level in nearly 30 years. A combination of soaring median home prices, which reached an unprecedented $407,500, and rising mortgage rates—now nearing 7%—have...