Existing-home sales down nearly 37% from a year ago

Sales of existing homes have fallen for a 12th straight month, with sales in January down a whopping 36.9% from the year before. The hit to the housing market reflects the Federal Reserve’s efforts to lower inflation by raising interest rates, which has caused mortgage rates to rise and has put home purchases out of reach for many people. Read the full story here: https://www.washingtonexaminer.com/policy/economy/existing-home-sales-down-37-percent Check out our website: https://www.washingtonexaminer.com/