January home sales fall as high mortgage rates, prices freeze out would-be buyers
Sales of previously occupied U.S. homes fell in January as rising mortgage rates and prices put off many would-be homebuyers.
Existing home sales in January fall 4.9%
Chappell Roan is featured in the new docuseries “Faces of Music” and is seen without makeup for part of the show along with other music stars, including Becky G and Victoria Monét. CNBC's Diana Olick joins 'Squawk on the Street' with the latest economic data.
Home Sales Likely Fell in January
Home sales in January likely declined, as home prices and mortgage rates remained too high to attract buyers. Sales of previously owned homes likely fell 2.6% in January from December, economists surveyed by The Wall Street Journal estimate.
Existing-Home Sales Decreased 4.9% in January, But Increased Year-Over-Year for Fourth Consecutive Month
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. The inventory of unsold existing homes grew 3.5% from the prior month to 1.
Existing home sales fell 4.9% in January, continuing slump
Sales of existing homes slipped 4.9% in January, but year-over-year sales were up 2% as high prices and mortgage rates keep some potential buyers on the sidelines, including first-time buyers. Existing home sales retreated in January,
Home Sales Fell 4.9% in January, Extending Slump in Housing Market
Home prices and mortgage rates, which were a drag on home sales for most of 2024, stayed elevated and put off many buyers.
Existing home sales slump more than expected in January
U.S. existing home sales declined 4.9% to an adjusted annual rate of 4.08M in January, trailing the 4.13M consensus and dropping from 4.29M in December (revised from 4.24M), according to data released by the National Association of Realtors on Friday.
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