The National Association of Realtors' pending home sales data fell 4.6% in January to an all-time low as prospective homebuyers encountered high mortgage rates and home prices.
Existing-home sales retreated in January, according to the National Association of Realtors. Sales slipped in three major U.S. regions and held steady in the Midwest. Year-over-year, sales rose in three regions and were unchanged in the South.
Meanwhile, in a challenge for the Federal Reserve, inflation is refusing to retreat ... an existing home sold in December 2024 was $404,400, according to the National Association of Realtors. Based on a 20 percent down payment and a 7.03 percent mortgage ...
January sees slide in home sales in the Northeast and across U.S. Existing home sales dipped in January, with sales slipping in three major U.S. regions including the Northeast, according to the National Association of Realtors (NAR).
National Association of REALTORS Reports Existing-Home Sales Decreased 4.9% in January 2025, But Increased Year-Over-Year for Fourth Consecutive Month
Existing-home sales in January took a slight dip, falling 4.9% from December to a seasonally adjusted annual rate of 4.08 million, according to the National Association of Realtors (NAR).  This decline,
Sales of previously-owned homes fell 4.9% in January from the prior month, according to the National Association of Realtors ... multiple rounds of short-term interest rate cuts by the Federal Reserve," said Lawrence Yun, chief economist for the NAR.
U.S. existing-home sales declined in January 2025, with three major regions experiencing a downturn while the Midwest remained stable. Year-over-year, sales increased in three regions but held steady in the South.
Contracts to buy U.S. previously owned homes plunged to a record low in January as higher mortgage rates and house prices reduced affordability for prospective buyers. The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index,