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U.S. existing home sales at a 30-year low, but metro Denver holding its own

A rebound in activity taking longer than expected because of higher interest rates

Home sales nationally are at a 30-year low, and some of the strongest price gains are now happening in neglected markets in the Northeast and Midwest. Pictured here is a home for sale in Baltimore. (Photo by ROBERTO SCHMIDT/AFP via Getty Images)
Home sales nationally are at a 30-year low, and some of the strongest price gains are now happening in neglected markets in the Northeast and Midwest. Pictured here is a home for sale in Baltimore. (Photo by ROBERTO SCHMIDT/AFP via Getty Images)
DENVER, CO - NOVEMBER 8:  Aldo Svaldi - Staff portraits at the Denver Post studio.  (Photo by Eric Lutzens/The Denver Post)
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U.S. existing home sales have reached their lowest levels in nearly 30 years, despite a surge of millennials entering their prime home-buying years, and activity likely won't recover until interest rates start coming down.
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