[AnneSon]

Home sales last year dropped to the lowest level in nearly three decades, after elevated mortgage rates and a lack of homes for sale shut out buyers.

Existing-home sales slid 19% in 2023 from the prior year to 4.09 million, the National Association of Realtors said Friday. That total was lower than during the subprime crisis and the lowest full-year level since 1995. But the housing market is showing some signs of life as mortgage rates ease, and it’s possible that last year represented a bottom for sales activity.

[AnneSon]

It's eye-opening to hear about the dip in home sales. But before we hit the panic button, let's think about solutions. Maybe it's a sign to rethink our approach. If you're looking to sell, consider reaching out to a flat buying company. They can offer a hassle-free way to sell your home without waiting for traditional buyers. Plus, with their expertise, they might help navigate through tough market conditions. Remember, downturns happen, but there are still options out there to explore.