The median age of homes purchased nationwide reached a record high of 36 years in 2024, a significant jump from 27 years in 2012, according to an analysis released Monday by Redfin.

The trend reflects a long-term slowdown in new home construction and growing affordability challenges. Buyers are increasingly turning to older properties, often out of necessity rather than preference.

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The tit-for-tat trade war between China and the United States has deescalated for the first time since President Donald Trump took office, as the two countries announced Monday morning that they will temporarily lower their respective tariffs.

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