US Existing-Home Sales Pick Up at End of Worst Year Since 1995

Published on January 24, 2025

Sales of previously owned homes in the US rose for the third straight month in December, entering 2025 with some momentum after the worst year in nearly three decades.

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Existing Home Sales Up for 3rd Straight Month in December

January 24, 2025
Existing home sales rose for the third month in a row to close out 2024. According to the data from the National Association of Realtors (NAR), existing home sales were up 2.2% from November, reaching a seasonally adjusted annual rate of 4.24 million units in December. This figure came in just above the expected 4.19 million. Existing home sales are up 9.3% compared to one year ago.

Michigan Consumer Sentiment Index Falls for First Time in Six Months

January 24, 2025
Consumer sentiment fell for the first time in six months, according to the final January report for the Michigan Consumer Sentiment Index. The index dropped 2.9 points (-3.9%) from December's final reading to 74.0 and is down 10.0% compared to one year ago. The latest reading was lower than the 73.2 forecast.