logo
welcome
Associated Press News

Associated Press News

Business

Business & Economics

January home sales fall as high mortgage rates, prices freeze out would-be buyers

Associated Press News
Summary
Nutrition label

85% Informative

Sales fell 4.9% last month from December to a seasonally adjusted annual rate of 4.08 million units.

National median sales price rose 4.8% in January from a year earlier to $ 396,900 .

The U.S. housing market has been in a sales slump dating back to 2022 , when mortgage rates began to climb.

VR Score

93

Informative language

96

Neutral language

69

Article tone

formal

Language

English

Language complexity

36

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

Affiliate links

no affiliate links