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February 13, 2026

Homes sales fell sharply in January, even as mortgage rates continued to ease

  • Higher home prices and harsh winter weather kept many prospective homebuyers on the sidelines.
    • By ALEX VEIGA
    AP Business Writer

    Sales of previously occupied U.S. homes fell sharply in January as higher home prices and possibly harsh winter weather kept many prospective homebuyers on the sidelines despite easing mortgage rates.

    Existing home sales sank 8.4% last month from December to a seasonally adjusted annual rate of 3.91 million units, the National Association of Realtors said Thursday. That's the biggest monthly decline in nearly four years and the slowest annual sales pace in more than two years.


     
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