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flag U.S. home sales in January 2026 stayed 18% below average despite lower mortgage rates, due to high prices and cautious buyers.

flag U.S. home sales in January 2026 remain 18% below the long-term average, even as mortgage rates have dropped to near 6.5%, according to new data from the National Association of Realtors. flag Despite more affordable borrowing costs, demand has not rebounded significantly, with analysts citing lingering affordability challenges, high home prices, and cautious buyer sentiment as key factors limiting activity in the housing market.

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