Existing-Home Sales Decreased 4.9% in January, But Increased Year-Over-Year for Fourth Consecutive Month
Existing-home sales slid 4.9% in January to a seasonally adjusted annual rate of 4.08 million. However, sales rose 2.0% from one year ago, the fourth straight monthly year-over-year increase. The median existing-home sales price advanced 4.8% from January 2024 to $396,900, the 19th consecutive month of year-over-year price increases.
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The drop in sales comes after the longest stretch of gains since late 2021, which offered some hope that home buyers and sellers were getting used to high mortgage rates. Home financing costs have ...
Existing-home sales fell in the first month of the year as buyers continued to struggle with high home prices and 7% mortgage rates. Home sales fell 4.9% in January to a 4.08 million pace.
Sales of previously occupied U.S. homes fell in January as rising mortgage rates and prices put off many would-be homebuyers ...
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Home sales fell in January as prices continued soaring, showing the financial strains potential buyers are ...
Market Domination Overtime's Julie Hyman and Alexandra Canal preview the top stories and economic data investors should pay ...
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Existing-home sales fell in the first month of the year as buyers continued to struggle with high home prices and 7% mortgage ...
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