🚨 BREAKING: U.S. Home Sales Tumble 8.4% in January — Largest Drop Since Feb 2022
Existing home sales fell to a seasonally adjusted annual rate of 3.91M units, well below expectations of 4.105M. Sales declined across all four major U.S. regions. Despite the slowdown, the median home price rose 0.9% YoY to $396,800, marking the 31st consecutive month of annual price growth.
Housing demand cooling — but prices remain resilient.
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