By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism.
December US home sales fall, capping nearly 18% drop in 2022
preview.jpg
FILE - A sale sign stands outside a home in Wyndmoor, Pa., Wednesday, June 22, 2022. On Friday, the National Association of Realtors reports on sales of existing homes in December. - photo by AP Photo/Matt Rourke, File
LOS ANGELES (AP) — Sales of previously occupied U.S. homes slumped nearly 18% in 2022, the slowest year for the housing market in nearly a decade. The National Association of Realtors said Friday that existing home sales totaled 5.03 million last year, a 17.8% decline from 2021. That marks the weakest year for home sales since 2014 and the biggest annual decline since 2008, following the foreclosure crisis of the late 2000s.