2023 was slowest year for US home sales in nearly 30 years as high mortgage rates frustrated buyers

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 and prices hit record highs, pushing homeownership out of reach for many Americans. The National Association of Realtors said Friday that existing U.S. home sales totaled 4.09 million … Continue reading 2023 was slowest year for US home sales in nearly 30 years as high mortgage rates frustrated buyers