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January home sales fall as high mortgage rates, prices freeze out would be buyers New Orleans CityBusiness

Summary by Business Report
Sales of previously occupied U.S. homes fell in January as rising mortgage rates and prices put off many would-be homebuyers despite a wider selection of properties on the market. Sales fell 4.9% last month from December to a seasonally adjusted annual rate of 4.08 million units, the National Association of Realtors said Friday. Sales rose 2% compared with January last year, marking the fourth straight annual increase. The latest home sales, how…

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Wolf StreetWolf Street

Buyers Strike Crushes Green Shoots of Demand for Existing Homes, amid Surging Supply, Active Listings & Days on Market

Demand destruction because prices are too high after the 50% price explosion during the pandemic. By Wolf Richter for WOLF STREET. Demand in the resale market just keeps getting crushed after every little sign of green shoots. Sales of existing single-family houses, townhouses, condos, and co-ops that closed in January dropped by 4.9% from December, seasonally adjusted, to an annual rate of 4.08 million sales, according to the National Associati…

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New Orleans CityBusinessNew Orleans CityBusiness

January home sales fall as high mortgage rates, prices freeze out would be buyers New Orleans CityBusiness

Sales of previously occupied U.S. homes fell in January as rising mortgage rates and prices put off many would-be homebuyers despite a wider selection of properties on the market. Sales fell 4.9% last month from December to a seasonally adjusted annual rate of 4.08 million units, the National Association of Realtors said Friday. Sales rose 2% compared with January last year, marking the fourth straight annual increase. The latest home sales, how…

Read Full Article
The Seattle TimesThe Seattle Times

U.S. home sales fall as mortgage rates, prices freeze out shoppers

Sales of previously occupied U.S. homes fell in January as rising mortgage rates and prices put off many would-be homebuyers despite a wider selection of properties on the market.

·Seattle, United States
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The Free Press (Tampa)The Free Press (Tampa)

Existing Home Sales Dip In January, But Prices Continue Year-Over-Year Climb

Existing home sales across the United States decreased in January, according to a report released today by the National Association of Realtors® (NAR). While sales fell 4.9% from December to a seasonally adjusted annual rate of 4.08 million, they were up 2.0% compared to January… Existing Home Sales Dip in January, But Prices Continue Year-Over-Year Climb

·Tampa, United States
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financialsurvivalnetwork.comfinancialsurvivalnetwork.com

Buyers Strike Crushes Green Shoots of Demand for Existing Homes, Amid Surging Supply, Active Listings & Days On Market

by Wolf Richter Wolf Street Demand destruction because prices are too high after the 50% price explosion during the pandemic. Demand in the resale market just keeps getting crushed after every little sign of green shoots. Sales of existing single-family houses, townhouses, condos, and co-ops that closed in January dropped by 4.9% from December, seasonally adjusted, to an annual rate of 4.08 million sales, according to the National Association of…

Read Full Article
Business ReportBusiness Report

How do national home sales compare to the local market?

Sales of previously occupied U.S. homes fell in January as rising mortgage rates and prices put off many would-be homebuyers despite a wider selection of properties on the market. Sales fell 4.9% last month from December to a seasonally adjusted annual rate of 4.08 million units, the National Association of Realtors said Friday. Sales rose 2% compared with January last year, marking the fourth straight annual increase. The latest home sales, how…

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Weekly Real Estate News broke the news in on Friday, February 21, 2025.
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