Existing home sales increased 3.1% in January, but year-over-year sales fell.
Existing home sales were up 3.1% from December to a seasonally adjusted annual rate of 4 million in January. Year-over-year, sales declined 1.7% (down from 4.07 million in January 2023), according to the National Association of Realtors.
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The decline of the mainstream media continued in the first month of 2024, with over 500 journalists being fired in January alone.
As Politico reports, there were 538 layoffs in the month of January in the media industry, including jobs in print, broadcast, and digital media. The report from Challenger, Gray, & Christmas suggests that the trend first seen in 2023 will not be slowing down in 2024. Last year, there were 3,087 layoffs in the news industry, which marked the highest annual total since the 16,060 firings in the year 2020, which was primarily due to the Chinese Coronavirus pandemic.
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