In anticipation of home sales submerged at all times low in January-winter weather can be blamed

Awaiting the sales of home in the JSC they sat down to a comprehensive low in January as high mortgage rates, high record prices at home, and perhaps the terrible weather last month prevented those who sought to buy.

The Realors National Association said on Thursday that its home sales index, which is an indicator of home sales based on contract signatures, fell to 4.6% to 70.6 last month.

The pending transactions fell 5.2% from the action period of the year.

There was a month -long decline in Midwest, South and West, with the most important fall in the south.

Despite the extent of high winds and low temperatures, sales in the northeast increased modestly.

“It is unclear if the coldest January in 25 years contributed to fewer buyers in the market, and if so, expect greater sales activity in the coming months,” said Nar Lawrence Yun’s chief of Nar Lawrence in one state. “However, it is clear that raised prices of houses and higher levels of tense mortgage.”

Mortgage rates in January were between 6.91% and 7.04%.

On Friday Nar said the sales of Occuked houses previously collapsed 4.9% last month from December to a seasonally regulated annual rate of 4.08 million.

Sales increased 2% compared to January last year, marking the fourth direct annual growth.

However, the latest sales of houses fell pending the 4.11 million rhythms that economists were waiting for, according to Factset.

Home prices increased on an annual basis for the 19th month in a row.

The average national average sale was increased 4.8% in January from a year earlier to $ 396,900.

The US housing market has been in a decline in sales dating back to 2022, when mortgage rates begin to climb the downsides of the Pandemia era.

Sales of previously occupied American houses dropped last year to their lowest level at nearly 30 years.

The shares of publicly traded house builders have been punished this year and those prices dropped back on Thursday.

Tariffs threatened by President Trump have led to increased concern in the second sector for the possibility of higher prices for lumber and metals.

And mass deportations under Trump’s administration can also increase costs for builders.

Toll Builder brothers are sitting 11% this year. Dr. Horton and Lennar are decreased between 7% and 9%. Beazer Homes is reduced nearly 17% in 2025.