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January Home Sales 10% Higher than 2019

Mortgage News > January Home Sales 10% Higher than 2019
Date: 02/26/2020    January Home Sales 10% Higher than 2019

Sales of existing U.S. homes climbed 9.6% in January, compared with a year earlier, according to the National Association of Realtors, an increase fueled by ultra-low mortgage interest rates. Sales did fall 1.3% on a monthly basis, most likely due to a lack of supply in the lower price ranges. There may be help for inventory in the coming months as the Commerce Department reported this week that January housing starts jumped 21.4% from the year before and building permits were near a 13-year high.

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