Existing home sales drop 5.1% in January

home-sales-dropBy Andrew Khouri | Los Angeles Times

Sales of previously owned homes plunged in January as severe weather and high costs handcuffed would-be buyers.

Existing home sales tumbled 5.1% from December to a seasonally adjusted annual rate of 4.62 million, reaching the lowest level in more than a year, the National Assn. of Realtors said Friday. Sales also fell 5.1% from a year earlier.

Although harsh weather held back sales, the trade group said there was more behind the poor figures.

Continued: 

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

February 2014
M T W T F S S
 12
3456789
10111213141516
17181920212223
2425262728