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US home sales in 2024 fell to the lowest level in nearly 30 years as prices, and mortgages, soar

Home_Sales_14542LOS ANGELES (AP) — Sales of previously occupied U.S. homes fell in 2024 to a nearly 30-year low for the second time in as many years as elevated mortgage rates, rising home prices and few properties on the market freeze prospective homebuyers out of the market.