New home sales ticked up in January, despite elevated mortgage rates
Lisette Morales McCabe/Bloomberg via Getty Images(WASHINGTON) -- New home sales ticked up in January, despite a twin burden imposed by elevated mortgage rates and expensive housing prices, according to U.S. Census data released on Monday.Sales of new single-family homes rose 1.8% in January compared to the previous year, data showed. The survey found an estimated 661,000 homes were sold in January.On a monthly basis, sales climbed 1.5% from December.The fresh data offers a glimmer of optimism for an otherwise sluggish […]