DALLAS — The U.S. housing market slump stretched into a fourth year in 2025 as elevated mortgage rates and high home prices continued to sideline many would-be buyers, keeping sales near a 30-year low.
Sales of previously occupied U.S. homes totaled 4.06 million last year, essentially unchanged from 2024, when sales fell to their lowest level since 1995, the National Association of Realtors said Wednesday. Without rounding, sales in 2025 were slightly lower than the year before.
Existing home sales have declined annually since 2022 and have remained near a 4 million annual pace since 2023, well below the historical norm of about 5.2 million…