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Ridgewood NJ, the American dream of homeownership continues to grow elusive as sales of existing homes in the U.S. fell to their lowest level since 1995, marking two consecutive years of record lows. According to the National Association of Realtors (NAR), sales dropped 0.7% last year, totaling just 4.06 million homes sold. Continue reading Homeownership Slips Further Out of Reach as 2024 U.S. Home Sales Hit 30-Year Low
Cooling U.S. Home Sales Only Partly Due to Weather: Economy
By Victoria Stilwell Feb 21, 2014 5:13 PM ET
Sales of previously owned U.S. homes dropped in January to the lowest level in more than a year as harsh winter weather combined with a lack of supply, strict lending rules and declining affordability to depress demand.
Purchases decreased 5.1 percent to a 4.62 million annual rate last month, the fewest since July 2012, figures from the National Association of Realtors showed today in Washington. Sales fell in all four regions of the country, indicating unusually frigid temperatures were only partly to blame.
