Home sales slump dragged through 2025 as mortgage rates, prices keep buyers out of market

Business

The US housing market slump dragged into its fourth year in 2025 as sales remained stuck at a 30-year low with  rising home prices  and  elevated mortgage rates  keeping many prospective home shoppers out of the market. Sales of previously occupied homes totaled 4.06 million last year, flat versus 2024, when sales sank to the lowest level since 1995, the National Association of Realtors said Wednesday. Sales have declined on annual basis every year since 2022. The median national home price for

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