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 ...
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 ...
Sales of previously occupied U.S. homes fell in January as rising mortgage rates and prices put off many would-be homebuyers ...
Exchange-traded funds that buy stocks in the U.S. home-building industry were sliding on Friday, as investors weighed data showing that existing-home sales dropped last month. The iShares U.S. Home ...
Home sales fell in January as prices continued soaring, showing the financial strains potential buyers are ...
The Conference Board issues its latest consumer confidence report on Tuesday. The Commerce Department delivers its monthly ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback