
US Home Sales Plunge as Market Faces 'New Housing Crisis'
Sales of existing US homes fell by a sharp 8.4% in January, the largest monthly drop in years, prompting economists to warn of a 'new housing crisis'.
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Sales of existing US homes fell by a sharp 8.4% in January, the largest monthly drop in years, prompting economists to warn of a 'new housing crisis'.

The U.S. housing market's recovery has stalled as national inventory falls 17.2% below pre-pandemic levels, the widest gap recorded since March 2025.

Pending home sales in the U.S. dropped sharply by 9.3% in December, reversing recent positive trends and raising questions about the market's direction.

US home sales hit a 30-year low in 2025 with 4.06 million previously-owned homes sold. Economic uncertainty and rising mortgage rates impacted the market, though December saw a 5.1% sales increase.

US housing inventory experienced its largest monthly drop since June 2023, as both sellers and buyers retreat from the market due to high mortgage rates.

Philadelphia's housing market has slowed dramatically, with home sales dropping to a historic low. Only 1.8% of homes were sold this year, reflecting a national trend.

Home sales in Tampa Bay have fallen to a new low, with only 3.1% of homes changing hands this year, reflecting a national housing market slowdown.

Three distinct Portland homes in the Sunnyside, Mount Tabor, and Hayhurst neighborhoods sold for well over asking price, each securing an offer in under a week.

Nearly 85,000 US home sellers pulled their properties off the market in September, a 28% increase from last year. Weak buyer demand and falling prices are forcing homeowners to wait for better conditi

The number of homes changing hands in the U.S. has hit a 30-year low, with only 28 sales per 1,000 homes as homeowners cling to low mortgage rates.

A new study of 14 million home sales reveals that buyers who win bidding wars often overpay by 8%, leading to lower annual returns and a higher risk of mortgage default.

Ten homes sold in Cortland County in the last week of October, with prices ranging from a $35,000 property in Cortlandville to a $785,000 home in Virgil.