US

2024 U.S. Housing Market Trends: Sales Decline and 2025 Outlook

2024 U.S. Housing Market Trends: Sales Decline and 2025 Outlook

In 2024, U.S. home sales hit their lowest levels since the mid-1990s, driven by high mortgage rates, limited inventory, and affordability challenges. While not a repeat of the 2008 housing crisis, these trends highlight unique economic pressures. Experts anticipate modest recovery in 2025, with projected home sales rising to 5.6 million and prices increasing by 2%.