Tech Insider
Economy
A row of homes in a residential neighborhood.
The housing market of 2023 differed dramatically from that of 1995.

Peter Spiro/Getting Images

  • Full-year home sales slowed in 2023 to their lowest mark since 1995.
  • The annual pace of 2023 existing-home sales hit 4.09 million, while in 1995 that was 3.85 million.
  • The housing markets of each year differed dramatically in affordability, inventory, and demand.

High mortgage rates, lofty prices, and low inventory kept the US housing largely frozen in 2023, and home sales slumped to their lowest mark since 1995.

Tags
Real Estate, Markets, Markets, housing-market, real-estate, home-sales, housing-outlook, residential-real-estate, Property, Investors, national-association-of-realtors, economy
Source
The housing market capped off its worst year of sales since 1995. Here's how af…