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 ...
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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Existing-home sales fell in the first month of the year as buyers continued to struggle with high home prices and 7% mortgage ...
The Conference Board issues its latest consumer confidence report on Tuesday. The Commerce Department delivers its monthly ...
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