US home sales see worst year since 1995
By Natalie ShermanBusiness reporter, New YorkGetty ImagesHome sales in the US sank to the lowest in nearly 30 years, as a sharp rise in interest rates increased costs for buyers and persuaded many potential sellers with lower rates to stay put. Just 4.09 million homes were purchased, the fewest since 1995, as tight supply pushed prices to a new record, the National Association of Realtors said.The organisation said it expected the market to improve in 2024.But it warned that affordability would ...
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