
The nation's housing slump deepened in January as home sales fell for the 12th consecutive month to the slowest pace in more than a dozen years.
The National Association of Realtors said Tuesday that existing U.S. home sales fell to a seasonally adjusted annual rate of 4 million properties last month. That's the slowest annual pace since October 2010, when the housing market was still reeling from the 2008 foreclosure crisis.