The hot U.S. housing market extended into the new year as buyers rushed to purchase homes in the face of record-low inventory and climbing mortgage rates.
Existing-home sales rose 6.7% in January from the prior month to a seasonally adjusted annual rate of 6.5 million, the National Association of Realtors said Friday, with home sales increasing in regions across the country. January sales fell 2.3% from a year earlier.
