Existing-Home Sales Rise 3.1% in January, But Year-Over-Year Slip Persists
NAR reports mixed trends as housing market recovery faces mortgage rate challenges.
NAR reports mixed trends as housing market recovery faces mortgage rate challenges.
Despite a 1% dip in December's existing-home sales, the median price hits a record high of $389,800 in 2023, while housing inventory remains a challenge.
As existing-home sales dip further, median prices rise unabated.
Existing-home sales decline across most U.S. regions; rising mortgage rates and limited inventory dampen buyer optimism.