U.S. home sales plunged 4.9% in January
WASHINGTON – U.S. home sales hit 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. That brings sales down to their lowest level since April 2014.
Relatively low mortgage rates and steady job growth have yet to spur more activity from buyers and sellers, raising the possibility of Read more [...]