By Nicole Friedman
Home sales in January likely declined, as home prices and mortgage rates remained too high to attract buyers.
-- Sales of previously owned homes likely fell 2.6% in January from December, economists surveyed by The Wall Street Journal estimate. The data is seasonally adjusted.
-- The report, from the National Association of Realtors, is due at 10 a.m. ET.
-- Homes typically go under contract a month or two before the contracts close, so the January data largely reflect purchase decisions made in December and November.
-- Existing-home sales in 2024 fell to the lowest level since 1995 for the second straight year.
-- News Corp, owner of the Journal, operates Realtor.com under license from NAR.
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(END) Dow Jones Newswires
February 21, 2025 04:22 ET (09:22 GMT)
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