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Existing home sales decreased 8.4% in January

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- Existing home sales decreased 8.4% in January to a seasonally adjusted annual rate of 3.91 million. - Sales decreased month-over-month and year-over-year in all regions (Northeast, Midwest, South, West).

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Original Content

Existing home sales decreased 8.4% in January to a seasonally adjusted annual rate of 3.91 million. Year-over-year, sales decreased 4.4%. Month-over-month and year-over-year, sales decreased in the Northeast, Midwest, South, and West.“The decrease in sales is disappointing. The below-normal temperatures and above-normal precipitation this January make it harder than usual to assess the underlying driver […] The post Existing home sales decreased 8.4% in January appeared first on ABA Banking Journal .