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- U.S. Existing Home Sales advanced 3.1% in January to 4.00M, surpassing the 3.96M consensus, from 3.88M in December (revised from 3.78M). From a year ago, though, sales slipped 1.7% from 4.07M in January 2023.
- “While home sales remain sizably lower than a couple of years ago, January’s monthly gain is the start of more supply and demand,” said NAR Chief Economist Lawrence Yun. “Listings were modestly higher, and home buyers are taking advantage of lower mortgage rates compared to late last year.”
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