More cold information about the housing market: awaiting the sale of home

“Falling sale of new and existing at home in January suggests that the cold of winter can last longer than expected due to high housing costs,” said Realtor.com Senior Economic Research Analyst Hannah Jones in a statement. “General economic uncertainty about the various proposals of the Trump government can also pause buyers while they wait and see how things shake out.”

Regionally, the index also shows a decrease, led by the south, which fell 9.2% compared to December and by 8.8% compared to a year ago. The northeast (0.5%), the midwest (2.7%) and the West (4.5%) also experienced a year-on-year drops.

The data from the housing market for January does not predict well for the real estate sector on the way to spring.

The sale of existing at home was a relatively bright spot. The report of Nar last week showed a decrease of 4.9% in January compared to December, but turnover increased by 2% years after year, the fourth consecutive month of annual profit.

The New-Home Sales Report of the US Census Bureau and the Us the Ministry of Housing and Urban Development The revealed turnover fell by no less than 10.5% from December, while they fell 1.1% compared to last year.

Housing starts and allows data from the Census Bureau that attributs colder-this temperatures to a month-over-month decrease of 9.8% in the month and an annual decrease in permits of 1.7%.

All in all, the reports paint the image of a housing market with sufficient space to improve as the things progress in 2025.

“It is unclear whether the coldest January in 25 years has contributed to fewer buyers on the market, and if so, expects a greater sales activity in the coming months,” said Nar Chief Economist Lawrence Yun in a statement. “However, it is clear that increased house prices and higher mortgage interest rate affordability.”