"2023 Home Sales Hit 15-Year Low, Pueblo Realtors Weigh in on 2024 Market Outlook"
TL;DR Summary
December home sales fell 1% compared to November, marking the lowest level since August 2010, with full-year sales at the lowest since 1995. Tight supply led to a 4.4% increase in median home price from December 2022, reaching a record high for the full year. Mortgage rates have dropped, and more inventory is expected, potentially boosting sales in the new year. However, first-time buyers are still struggling, making up just 29% of December sales, down from 31% the year before.
Topics:business#first-time-buyers#home-sales#housing-inventory#mortgage-rates#real-estate#real-estate-market
- December home sales slump to close out worst year since 1995 CNBC
- Home Sales Were the Lowest in Almost 30 Years in 2023 The Wall Street Journal
- Will Pueblo's real estate market improve in 2024? Realtors weigh in Pueblo Chieftain
- After Years of Sizzle, Real Estate Market Begins to Fizzle The Vineyard Gazette - Martha's Vineyard News
- Economists Forecast Home Sales Hit 15-Year Low in 2023 The Wall Street Journal
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