Homeownership is likely to remain a pipe dream for many Americans this spring homebuying season.
The nation's housing slump dragged on into January as home sales fell for the 12th consecutive month to the slowest pace in more than a dozen years.
Homeowners are increasingly tapping their equity, taking advantage of big gains following years of soaring housing prices.
Sales of previously occupied U.S. homes slumped nearly 18% in 2022, the slowest year for the housing market in nearly a decade.
The housing market slump deepened in November as sales of previously occupied U.S. homes slowed for the tenth consecutive month.
Sales of previously occupied U.S. homes fell in October for the ninth month in a row to the slowest pre-pandemic sales pace in more than 10 years.
Sales of previously occupied U.S. homes fell in September for the eighth month in a row, matching the pre-pandemic sales pace from 10 years ago.
Sales of previously occupied U.S. homes slowed in August for the seventh month in a row.
The housing market's comedown from its high-flying days early this year is deepening, with home sales in July falling for the sixth straight month.
Would-be buyers looking for more modestly priced homes will find scant relief in the listings surge.
Sales of previously occupied U.S. homes slowed for the fifth consecutive month in June.
Sales of previously occupied U.S. homes slowed for the third consecutive month in April as mortgage rates surged.