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.
Tariffs could raise material costs for homebuilders, and a crackdown on immigration could make construction workers even ...
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 ...
Higher mortgages rates and record home prices kept sales subdued for the second straight year.
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 ...
Home sales fell in January as prices continued soaring, showing the financial strains potential buyers are ...
Home sales data expected Friday will reflect old news: home buyers and sellers had a tough winter. Investors should keep ...
1don MSN
Existing-home sales fell in the first month of the year as buyers continued to struggle with high home prices and 7% mortgage ...
Market Domination Overtime's Julie Hyman and Alexandra Canal preview the top stories and economic data investors should pay ...
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