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International Business Times
International Business Times
National

US Home Sales In 2024 Weakest In Nearly 30 Years

United States Lawrence Yun NAR
US existing home sales hit their lowest level in nearly 30 years on high home prices and elevated mortgage rates, said the National Association of Realtors (Credit: AFP)

Sales of previously owned US homes slipped to their weakest level in about three decades last year on the back of high housing prices and mortgage rates, according to industry data released Friday.

Existing home sales came in at 4.06 million on an annual basis in 2024, the lowest level since 1995, said the National Association of Realtors.

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