U.S. home sales fell in January for the 12th straight month as high mortgage rates continued to weigh on the housing market
The U.S. housing market weakened in January for the 12th straight month as continued high mortgage ratesSales of previously owned homes, which make up most of the housing market, fell 0.
7% in January from the prior month to a seasonally adjusted annual rate of 4 million, the slowest since October 2010, the National Association of Realtors said Tuesday. January sales fell 36.9% from a year earlier.
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