Home sales decreased 4.9% in January, but increased YoY

• Existing-home sales fell 4.9% in January from December.
• Sales rose 2.0% from January 2024, marking four consecutive months of year-over-year gains.
• Median home price increased 4.8% YoY to $396,900.

Read more at NAR

• The CPI rose 0.5% in January, up from 0.4% in December.
• Core CPI increased by 0.4%, the highest monthly gain since March 2024.
• Energy prices rose 1.1%, with gasoline up 1.8% and natural gas up 1.8%.

Read more at NAHB Eye on Housing

• The 30-year fixed mortgage rate has decreased to 6.49%, the first time it’s fallen below 6.5% in over two months.
• The 15-year fixed mortgage rate is currently at 5.75%.
• Adjustable-rate mortgages (ARMs) have also seen a slight decline, with the 5/1 ARM averaging 5.60%.

Read more at Yahoo! Finance