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flag U.S. home sales in 2024 hit a 30-year low due to high mortgage rates and rising prices.

flag In 2024, U.S. home sales hit their lowest level since 1995, totaling 4.06 million, due to high mortgage rates and rising home prices. flag The median home price reached a record $407,500, up 4.7% from the previous year. flag Despite the challenges, sales rose by 2.2% in December. flag With mortgage rates expected to stay above 6%, the housing market's recovery remains uncertain.

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