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Fortune

Alena Botros

Wells Fargo says home sales aren't far off from levels seen in the wake of the Great Recession

Wells Fargo Recession the Great Recession Matt Walsh Fortune Home Prices Moody

(Credit: Photo illustration by Fortune; Original photos by Getty Images)

Home sales are barely above the pace experienced in the years that followed the housing crash. This time around, it’s because would-be buyers can’t afford the one-two punch of high home prices and high mortgage rates, and sellers can’t afford to lose their low rates.

Not a lot of people are buying or selling homes at the moment.

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