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US existing home sales drop to more than two-year low in January
Sales of previously owned homes dropped to 3.91 million in January, the slowest pace since December 2023, due to high prices, weak supply, and lower consumer confidence, the National Association of Realtors said.
- Sales of previously owned homes dropped 8.4% in January, reaching an annualized rate of 3.91 million, according to the National Association of Realtors.
- This rate marks the slowest sales pace since December 2023.
- Home sales fell 4.4% compared to January of the previous year.
- Lawrence Yun stated, 'The decrease in sales is disappointing,' highlighting concerns despite rising home prices.
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US existing home sales fell 8.4 percent in January from December to an annualized rate of 3.91 million units, the National Association of Realtors reported today.
Coverage Details
Total News Sources63
Leaning Left6Leaning Right3Center36Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
13%
C 80%
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