Home sales hit 30-year low, market faces affordability crisis

Thu, Feb 13, 2025, 11:02 AM

According to the National Association of Realtors, existing home sales dropped to 4.06 million in 2024 — hitting its lowest level in 30 years. High mortgage rates continue to create housing affordability challenges, dampening market activity.

Yahoo Finance Senior Housing Reporter Dani Romero describes the current housing market as "dysfunctional," detailing the ongoing inventory challenges. She also discusses how the cost of living alone is rising.

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This post was written by Angel Smith