Reported about 20 hours ago
In January, U.S. new single-family home sales fell more than anticipated due to high mortgage rates and inclement weather, marking a decline of 10.5% to an annual rate of 657,000 units. This drop reflects broader economic slowdown trends, with the median house price rising 3.7% to $446,300, the highest since October 2022. Despite increased inventory, the outlook for the spring home selling season remains uncertain as elevated mortgage rates continue to hinder affordability.
Source: YAHOO