Home Sales Improve, but Industry Faces Headwinds in 2025 - RAOT Week of March 23rd 2025

According to a recent report from the National Association of Realtors, 4.26 million homes were sold in February on a seasonally adjusted basis. The total was up 4.2% from the prior month, and it was stronger than the 3.2% increase expected by economists surveyed by The Wall Street Journal. 

Despite the strong sequential growth in sales, the volume was down 1.2% from a year ago and the industry continues to struggle with high mortgage rates and asking prices. In 2024, home sales were at the lowest level since 1995, and the median age of first-time homebuyers jumped to 38 years old. ..

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