Investing.com - Sales of previously-owned U.S. homes fell in January, according to figures released by the National Association of Realtors on Wednesday.
Existing home sales fell 3.2% in January from the previous month to an annualized pace of 5.38m units.
Economists had forecasts a 0.9% increase to an annualized pace of 5.61m.
Existing home sales account for 90% of the market and are calculated when a contract closes.