U.S. Home Sales Fall for 12th Straight Month
  • last year
U.S. home sales fell for the 12th consecutive month in January as high mortgage rates and economic uncertainty kept buyers out of the market. January sales fell 36.9 percent from a year earlier, and sales of previously owned homes fell 0.7 percent in January from the prior month to a seasonally adjusted annual rate of 4 million. The national median existing-home price rose 1.3 percent in January from a year earlier to $359,000. Prices fell month-over-month for the seventh straight month after reaching a record high of $413,800 in June.
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