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The existing home sales in the United States amounted to only 4.06 million in 2024The lowest annual level since 1995According to the National Realtors Union. This is so far in the early 5.3 million in early 2019.
But that’s what is: today’s housing market is more limited when you think that the United States is 76.3 million now humanity and 33.2 million more Households More than in 1995.
To show this point, Resistlub created the following table: USA available home sales are adjusted for the size of the population. (We used the total home counts instead of the total population number).
In January 2025, the annual rate of the existing home sale of the United States, which was successfully regulated, was 4.08 million. The number of households (132.2 million) in the total number of households refers to 3.1%.
When was the last time the US last-time home sales – were corrected for the population, when in the early 1980s Average 30-year-old Fixed Mortgage Speed In October 1981, he climbed the summit at 18.63%.
Acute deterioration in apartment convenience restricted home sales within the country. Some of them are related to the home founder of the market, but it is due to the landlords who want to sell a lot and buy something else. Monthly monthly payment and interest rate-73.3% have a rating below 5.0% of the outstanding mortgage – a higher monthly payment and ratio is difficult for the stomach. Although they want to move, many homeowners may not be eligible for a new mortgage rates and home prices now.
Monthly seasonal annual rate of monthly seasonal home sale (SAAR) to compare the above analysis / table Without regulation for the population.
Large picture: To one extent is set to a pent-up bar in the housing market. The theory, the locking force caused by the shock of the need for resource and mortgage rate is the cutest from the door. However, as income increases, income and affordability is improving as long as the passage of time passes, it can be locked as some extra circulation in the existing home market “Key Costs” to go down.
