Existing Home Sales Hit 30-Year Low

Key Points:

– National Association of Realtors (NAR) reports a sharp decline in existing home sales.
– January sees a slight rebound in sales after reaching lowest levels in 30 years.
– Market conditions remain challenging for the real estate industry.

My Hot Take:

Existing home sales hitting a 30-year low might sound alarming, but hey, at least there’s a glimmer of hope with that small rebound in January! Maybe the real estate market just needed a pep talk.
Original article: https://www.biggerpockets.com/blog/new-home-sales-rise-as-winter-market-ends-q1-2024