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February 24, 2025

January home sales fall as high mortgage rates, prices freeze out would-be buyers

  • Home prices increased on an annual basis for the 19th consecutive month.
    • By ALEX VEIGA
    AP Business Writer

    LOS ANGELES — Sales of previously occupied U.S. 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.

    Sales fell 4.9% last month from December to a seasonally adjusted annual rate of 4.08 million units, the National Association of Realtors said Friday.


     
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