Coverage dated January 18, 2024 to January 19, 2024
Home sales plummet to nearly 30-year low
Headline from Arkansas Democrat-Gazette
Sales of previously occupied U.S. homes sank in 2023 to a nearly 30-year low, as sharply higher mortgage rates, rising prices and a persistently low level of homes on the market combined to push homeownership out of reach for many Americans.
Arkansas Democrat-Gazette's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Sales of previously occupied U.S. homes sank in 2023 to a nearly 30-year low as mortgage rates climbed to the highest level in more than two decades, pushing homeownership out of reach for many Americans. The National Association of Realtors said Friday that existing U.S. home sales totaled 4.
Sales fell 6.2% last month from the same period in 2022, but the National Association of Realtors expects cooling mortgage rates and more inventory to spur demand this year.
Some experts see a thaw as mortgage rates look set to fall. But on the other hand, “the recent, rapid three-year rise in home prices is unsustainable.”
LOS ANGELES (AP) — Sales of previously occupied U.S. homes sank in 2023 to a nearly 30-year low, as sharply higher mortgage rates, rising prices and a persistently low level of homes on the market combined to push homeownership out of reach for many Americans.
The residential real estate market tumbled in 2023, as soaring interest rates steadily slowed sales activity — but home prices still hit a record high.
Existing home sales fell in December to the lowest level in more than a decade as higher mortgage rates cause turmoil in the housing market. Home sales in December slowed 1% to a seasonally adjusted annual rate of 3.
The residential real estate market tumbled in 2023, as soaring interest rates steadily slowed sales activity — but home prices still hit a record high.
Sales of previously occupied U.S. homes sank in 2023 to a nearly 30-year low, as sharply higher mortgage rates, rising prices and a persistently low level of homes on the market combined to push homeownership out of reach for many Americans.
Sales of previously occupied U.S. homes sank in 2023 to a nearly 30-year low, as sharply higher mortgage rates, rising prices and a persistently low level of homes on the
Existing U.S. home sales totaled 4.09 million last year, an 18.7% decline from 2022. Mortgage rates surged to 7.76% in late October 2033, compared to rates less than 3% in 2022....
Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.
