US Home Sales Tick Up In January On Lower Mortgage Rates

Sales of previously owned homes jumped 3.1 percent in January on lower mortgage rates, said the National Association of Realtors (Credit: AFP)

Existing home sales in the United States crept up in January, according to industry data released Thursday, on slightly higher listings and demand as buyers made the most of cooler mortgage rates.

Sales of previously owned homes rose 3.1 percent from December to January, to a seasonally adjusted annual rate of 4.0 million, said the National Association of Realtors (NAR).