The final figures for home sales last year are in, and the story is quite grim: 2024 was the slowest year for existing home sales in nearly three decades. Existing-home sales last year totaled 4.06 million, the lowest on an annual basis since 1995, according to the National Association of Realtors on Friday. A big factor behind the slowdown was elevated mortgage rates, which spent most of the year above 6.5%.

 

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