US home sales drop sharply as prices hit an all-time high for January

The Ohio Star

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Existing Home Sales Fell Almost Five Percent in January, Continuing Slump

by Brett Rowland   Sales of existing homes slipped 4.9% in January, but year-over-year sales were up 2% as high prices and mortgage rates keep some potential buyers on the sidelines, including first-time buyers. Existing home sales retreated in January, the National Association of Realtors said Friday. Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – dropped 4.9% from Decem…

Breitbart

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Housing Market Struggles as High Prices and Mortgage Rates Weigh on Buyers

Existing-home sales stumbled in January, falling 4.9 percent from December to an annualized pace of 4.08 million, a sharper drop than the 2.6 percent decline economists had expected. The start of 2025 continues a prolonged period of weakness in home The post Housing Market Struggles as High Prices and Mortgage Rates Weigh on Buyers appeared first on Breitbart.

New York Post

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Housing market mired in slump as January home sales drop more than expected

Sales of previously occupied US 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.

The Center Square

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Existing home sales fell 4.9% in January, continuing slump

(The Center Square) — Sales of existing homes slipped 4.9% in January, but year-over-year sales were up 2% as high prices and mortgage rates keep some potential buyers on the

Barron's

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Home Sales Sagged in January as Prices Continue to Rise

Wall Street Journal

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Home Sales Fell 4.9% in January, Extending Slump in Housing Market

High home prices and mortgage rates continue to weigh on sales activity