Redfin: Fewer Americans Bought New Homes In January

In January, new home sales fell 8% on an annual basis, declining the most in western housing markets, according to the latest data from Redfin. Redfin Chief Economist Daryl Fairweather said homebuyers understand that the market is shifting in their favor, which is dampening sales of new homes.

3d rendering of a row of luxury townhouses along a street

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