U.S. home sales fell for the 12th consecutive month in January as high mortgage rates and economic uncertainty kept buyers out of the market. January sales fell 36.9 percent from a year earlier, and sales of previously owned homes fell 0.7 percent in January from the prior month to a seasonally adjusted annual rate of 4 million. The national median existing-home price rose 1.3 percent in January from a year earlier to $359,000. Prices fell month-over-month for the seventh straight month after reaching a record high of $413,800 in June.
