Home sales fell to their lowest level in 28 years in 2023 as soaring mortgage rates and red-hot prices dampened buyer demand. Figures from the show sales of existing properties slid 19 percent last year to 4.09 million - their lowest level since 1995. Month-by-month, sales fell 1 percent in December and were down 6.2 percent compared to the same period in 2022.
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