Housing sales in America declined to the lowest levels during 2024

The sales of existing housing in the United States over the past year declined to the lowest levels in about 30 years.
This comes for the second time, in light of the high prices and prices of housing and the lack of supply in the market.

Housing sales in America

The National Federation of American Real Estate Developments said today, Friday, that the list during the past year amounted to 4.6 million housing, a decrease of 0.7% from 2023.
It is the lowest level of sales since 1995, pointing to the high average housing prices at the United States during the past year by 4.7% to 407.5 thousand dollars per house, which is its highest level ever.

The housing market in America

The housing market in the United States has suffered from the stagnation of sales since 2022, when real estate financing interest rates began to rise, from its lowest levels in the period of the new Corona virus.
According to the American Real Estate Finance Corporation, Freddy Mac, the average real estate financing interest rate for 30 years increased to its highest level in 23 years by 8% in October 2023.
He briefly decreased to his lowest level in two years last September, but it was mostly about 7%.