The Commercial Real Estate Alpha Site

One more thing: Home sales in 2024 hit their lowest level since 1995, with high interest rates and soaring prices making homes unaffordable for many buyers. Sales showed some improvement late in the year when rates dipped, but a rebound was limited as mortgage rates climbed back to around 7%. Without a significant drop in rates, experts say the housing market will remain sluggish despite small signs of normalization.