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International Business Times
International Business Times
Business
Beiyi SEOW

US Existing Home Sales Fall To Lowest Level Since 1995

Sales of previously owned US homes have been struggling in recent months, due to low inventory and elevated interest rates (Credit: AFP)

US existing home sales fell in the final month of 2023, ending a tough year for real estate as full-year sales hit the lowest level since 1995, said industry data released Friday.

For all of last year, sales of existing homes, which form the vast majority of the market, came in at 4.09 million, said the National Association of Realtors (NAR).

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