US Home Sales Plummet In January
Bad weather and the ongoing issues of high interest rates and low inventory led to a decline of 8.4% in sales of US existing homes in January. Even with a decline in income needed to buy a median-priced home from $103,000 to $91,000, the January numbers were the worst in almost four years. Seasonally adjusted annual sales fell in all four US regions to 3.91 million, a 4.4% decrease from January 2025.
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