U.S. Existing Home Sales Hover Near Four-Year Lows as Single-Family Supply Hits 11-Year High
U.S. existing-home sales remain stuck near the bottom of a four-year range, even as inventory for single-family homes climbs to an 11-year high and condo supply reaches a record. The latest data underscore a housing market that is no longer constrained by a lack of listings, but by affordability pressures, elevated mortgage rates, and weakening demand.
