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NJ Real Estate News: US home sales plunge 4.9 percent in January

By JOSH BOAK
AP Economics Writer

WASHINGTON (AP) – U.S. home sales struck a snow drift in January, plunging to the slowest pace in nine months.

The National Association of Realtors said Monday that sales of existing homes tumbled 4.9 percent last month to a seasonally adjusted annual rate of 4.82 million.

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Summary of the Article

The addition of roughly 1 million new jobs over the past three months has failed to make much of a dent in home-buying. Homes did sell at a rate 3.2 …

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Article

By JOSH BOAK

AP Economics Writer

WASHINGTON (AP) – U.S. home sales struck a snow drift in January, plunging to the slowest pace in nine months.

The National Association of Realtors said Monday that sales of existing homes tumbled 4.9 percent last month to a seasonally adjusted annual rate of 4.82 million.

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first published: 2015-02-22 15:07:02[otw_is sidebar=otw-sidebar-2][otw_is sidebar=otw-sidebar-7][otw_is sidebar=otw-sidebar-3][otw_is sidebar=otw-sidebar-5]