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.
Key Takeaways Existing home sales surprisingly fell in January as elevated mortgage rates and high prices kept buyers ...
Home prices and mortgage rates, which were a drag on home sales for most of 2024, stayed elevated and put off many buyers.
Tariffs could raise material costs for homebuilders, and a crackdown on immigration could make construction workers even ...
Existing-home sales rose 2.2% in December to a seasonally adjusted annual rate of 4.24 million, the strongest pace since February 2024 (4.38 million). Sales grew 9.3% from one year ago ...
Higher mortgages rates and record home prices kept sales subdued for the second straight year.
Sales of previously occupied U.S. homes fell in January as rising mortgage rates and prices put off many would-be homebuyers ...
Home sales fell in January as prices continued soaring, showing the financial strains potential buyers are ...
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