Story perspectives
U.S. Housing Crisis Deepens: Prices Fall, Listings Rise
1/29/2025
27 5
1 of 1
Story summary
- The U.S. housing market is in crisis, with mortgage rates around 7% and high prices.
- This week saw 51,000 new listings, a 4% increase from last year, yet 13% remain unsold.
- One-third of listed homes experienced price cuts, suggesting possible price declines this spring.
- Only 15% of Americans intend to buy a home this year due to affordability issues.
