Sluggish Sales Mark Slowest Housing Market in Five Years

MPA, Jan. 31, 2025-Jonalyn Cueto
The U.S. housing market is experiencing its slowest pace in five years, with homes taking nearly two months to sell, according to a new report from real estate brokerage Redfin. The sluggish sales were attributed to high mortgage rates and home prices, making it difficult for many prospective buyers to afford a home.
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