House Sales in the US Down by 4.9% in January

House Sales in the U.S. significantly slowed down in January, according to The National Association of Realtors in a statement. The sales of homes that are already existing was down 4.9% in January to a seasonally adjusted yearly rate of 4.82 million.

The steady employment growth and low mortgage rate have not yet encourage buyers.  Poor sales last year had set up expectations of a strong rebound in 2015, but there are no signs of that happening yet. The government reported an additional 1 million new jobs over the past three months that would have spurred home-buying but it didn't, unless somebody is lying (The Big Lie: 5.6% Unemployment).