2023 was slowest year for US home sales in nearly 30 years as high mortgage rates frustrated buyers BY  ALEX VEIGA Updated 10:46 AM CST, January 19, 2024 LOS ANGELES (AP) — Sales of previously occupied U.S. homes sank in 2023 to a nearly 30-year low, as sharply higher mortgage rates, rising prices and a persistently low level of homes on the market combined to push homeownership out of reach for many Americans. The National Association of Realtors said Friday that existing U.S. home sales totaled 4.09 million last year, an 18.7% decline from 2022. That is the weakest year for home sales since 1995 and the biggest annual decline since 2007, the start of the housing slump of the late 2000s. The median national home price for all of last year edged up just under 1% to record high $389,800, the NAR said. Last year’s home sales slump echoes the nearly 18% annual decline in 2022, when mortgage rates began rising, eventually more than doubling by the end of the year. That trend continued in

 Per Austin Board of Realtors;  In 2023, the Austin-Round Rock MSA Housing Market continued its journey toward a sustainable pace. With a Year Over Year decrease of median home price by 10.2% and inventory at its highest levels in eight years, our housing market is still demand-driven. Click here for the ABOR LINK and more Data.  Dec. 2023 ABOR Housing Stats.

  https://austinrealestatephotography.com/ It's New Professional Headshots Time. Which are your favorites? Which should I use in marketing, social media? Thanks to Austin Real Estate Photography