Housing Market Stalls 2024

This is a news story, published by Yahoo Finance, that relates primarily to Freddie Mac news.

real estate & housing news

For more real estate & housing news, you can click here:

more real estate & housing news

Yahoo Finance news

For more news from Yahoo Finance, you can click here:

more news from Yahoo Finance

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like real estate & housing news, you might also like this article about

housing market freeze

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest mortgage rates news, housing market news, real estate & housing news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

mortgage rate

Yahoo Finance

•

Why a housing market 'thaw' never came in 2024

Summary

Nutrition label

88% Informative

In January , the average 30-year fixed mortgage rate was hovering around 6.6% , according to Freddie Mac .

Since the cost of borrowing hasn't gotten cheaper, it hasn't triggered any significant movement in buying and selling activity.

Existing home sales are poised to set the record for the worst year since 1995 for the second year in a row .

Existing home sales for November were up 6.1% from a year ago , the largest year-over-year gain since June 2021 .

Analysts have said they believe that housing activity will pick up in 2025 as more homes hit the market with buyers and sellers adjusting to the reality of today ’s higher interest rates.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful