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US Home Sales on Pace for 30-Year Low Despite Lower Mortgage Rates

Housing market remains sluggish in early 2024 as falling mortgage rates fail to boost transaction volumes.

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Terms & Concepts
  • Mortgage Rate: The interest rate charged on a mortgage loan, which influences housing affordability and demand.
  • Home Sales: The number of residential properties sold during a specific period, often used as an indicator of housing market activity.