By Nicole FriedmanSales of previously owned homes in 2023 dropped to the lowest level in 28 years, as home-buying affordability worsened and the supply of homes for sale remained low. Existing home sales, which make up most of the housing market, slid 19% in 2023 from the prior year to 4.09 million, the lowest full-year level since 1995, the National Association of Realtors said Friday.

Source: Wall Street Journal January 19, 2024 16:41 UTC