US Home Sales Fall 4.9% as Mortgage Rates Remains High
The National Association of Realtors reported a decline in home sales, with previously-owned homes falling 4.9% in January compared to the prior month. On a seasonally adjusted basis, sales stood at 4.08 million units. Analysts had expected a 2.6% decline, but sales were still lower than previous years, running at a roughly 15-year low. Lawrence … Read more