US current residence gross sales for January. Four.08 million versus Four.12 million estimate

• Prior month Four.24M annualized gross sales tempo revised to Four.29M
• Present residence gross sales for January 2025 Four.08M vs estimates of Four.12M.
• Present residence gross sales -Four.9%
• House provide three.5 months versus three.three months final month

Different detals from the NAR Realtors confirmed:

• The median existing-home gross sales worth superior Four.eight% from January 2024 to $396,900, the 19th consecutive month of year-over-year worth will increase.
• Money gross sales 29% vs 32% final yr
• First-time consumers have been answerable for 28% of gross sales in January, down from 31% in December 2024 and an identical to January 2024.
• Particular person traders or second-home consumers, who make up many money gross sales, bought 17% of houses in January, up from 16% in December and unchanged from January 2024.
• In line with Freddie Mac, the 30-year fixed-rate mortgage averaged 6.85% as of February 20. That is down from 6.87% one week in the past and 6.90% one yr in the past.

This text was written by Emma Wang at www.ubaidahsan.com.



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