Home sales drop sharply as prices hit an all-time high for January

by anastasiakaufman-chime-me

Published Fri, Feb 21 202510:00 AM ESTUpdated Fri, Feb 21 202511:35 AM EST

By: Diana Olick

A "For Sale" sign on a house in Philadelphia, Pennsylvania, US, on Friday, Aug. 16, 2024. US Vice President Kamala Harris will propose sweeping new federal subsidies for parents, homebuyers, and Americans with low-incomes alongside new programs to curb increases in rent and grocery prices as she seeks to convince voters that she would act swiftly to address one of their top concerns, rising consumer costs. Photographer: Joe Lamberti/Bloomberg via Getty Images

A “For Sale” sign on a house in Philadelphia, Pennsylvania, US, on Friday, Aug. 16, 2024. Joe Lamberti | Bloomberg | Getty Images

The U.S. housing market continues to weaken, as potential buyers face stubbornly high mortgage rates, elevated prices and limited supply of listings. LEARN MORE…

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