Existing Home Sales Drop 8.4% to 3.91MM in January as Mortgage Rates Hover Near 6.1%

Wells Fargo Economics says weather disruptions and lingering affordability pressures restrained early-year activity Housing market momentum cooled to start the year, as a combination of winter storms and persistent affordability constraints weighed on buyer activity. A new analysis from Wells Fargo Economics shows existing home sales fell 8.4 percent in January to a seasonally adjusted […]