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- Existing home sales are projected to fall to 4.1 million in 2023, their lowest point in a decade.
- Buyers and sellers alike complain of a market that only gets worse the longer they wait.
- Have you bought or sold a home recently or are you in the process? Insider wants to hear from you.
The housing market has virtually grinded to halt in 2023.
Existing-home sales are expected to close at their lowest levels since 2011, when the country was still clawing back from the Great Recession and the burst of the housing bubble.
"We're in for a fairly prolonged freeze," Chen Zhao, economics research lead at real-estate firm Redfin, told the Wall Street Journal.