Hey kids! Did you know that fewer new homes were sold in January? It's like a sale at a toy store, but instead of toys, it's houses! The cold weather and high prices made it tough for people to buy.
- Fewer people bought new homes in January.
- High mortgage rates (the money you borrow to buy a house) made homes expensive.
- Cold weather also kept people from looking at houses.
| Fact | Number |
|---|---|
| Drop in new home sales | 10.5% |
| New home sales rate (January) | 657,000 |
| Median price of a new home (January) | $446,300 |
Builders hope things will get better this spring. Maybe more people will buy houses then!
