US home sales in 2023 dropped to their lowest level in nearly 30 years, but prices still soared to record highs.
Mandatory Credit:	David Paul Morris/Bloomberg/Getty Images

US home sales in 2023 dropped to their lowest level in nearly 30 years, but prices still soared to record highs.
Mandatory Credit: David Paul Morris/Bloomberg/Getty Images

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Last year’s home sales lowest since 1995

The residential real estate market tumbled in 2023, as soaring interest rates steadily slowed sales activity — but home prices still hit a record high.