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Existing Home Sales Hit a Multidecade Low. Why Are Economists Upbeat About the Housing Market?
Key Takeaways National Association of Realtors data showed that the housing market gained momentum in December. However, annual existing home sales were at their lowest since 1995. The late-year improvement showed positive trends that some economists think could continue into 2025.
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 homebuying sentiment in 2024 may reflect a slow acclimatization to the generally less-affordable market conditions," the release noted.
Alert: US existing home sales in 2024 tumble to lowest level in nearly 30 years as median price hits an unprecedented $407,500
US existing home sales in 2024 tumble to lowest level in nearly 30 years as median price hits an unprecedented $407,500. The property has been used for several hotels and motels over the years, but is aging
5h
on MSN
The housing market hasn’t been this slow in almost 30 years
High mortgage rates and low housing inventory have kept homes out of reach for many people in the United States.
Hosted on MSN
2d
2025 Mortgage Rate Forecast: What Another Trump Presidency Means for Rates
During his campaign, Trump repeatedly claimed that mortgage rates would return to lows of around 3% (rates are more than ...
12h
What new report says about impact of rising mortgage rates on housing market here
The new data comes after Charlotte has been recognized as one of Zillow's top 10 hottest housing markets for 2025.
NerdWallet
1d
Weekly Mortgage Rates Drop as Home Sales Stall
The average rate on the 30-year fixed-rate mortgage fell 12 basis points to 6.94% in the week ending Jan. 23, according to ...
1d
Housing Shortage, Not Volatile Rates, Is Biggest Obstacle for Buyers, Zillow CEO Says
The U.S. housing market has been hurt by volatile mortgage rates, but a severe shortage of available homes is the most ...
6d
Mortgage rates climb above 7%; what does that mean for housing market?
Higher interest rates add to problems with affordability that have hammered the housing market for the last two years. Prices ...
14h
on MSN
Trump promised to lower housing costs. Mortgage rates stand in the way.
Mortgage rates inched down in the first week of President Trump’s second term, as the financial markets assess the economic ...
7h
Average mortgage rate slips below 7%, falling for first time in 5 weeks
The average rate on a 30-year mortgage in the U.S. eased this week to just below 7%, its first decline after climbing five ...
Iowa Public Radio
7d
Mortgage rates have climbed above 7%. Here's how we got here and what it means
It's the first time since May 2024 that 30-year mortgage rates have hit that mark. High rates are adding to the affordability ...
7d
Mortgage rates climb above 7%, risking a prolonged freeze for the housing market
Mortgage rates crept back over 7% to start the new year in a troublesome development for the housing market that has ...
6d
on MSN
Donald Trump Has a Housing Market Problem
As Trump is set to take office, he'll be inheriting a troublesome housing market where affordability continues to erode for ...
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