Existing home sales fell 4.9% in January to a seasonally adjusted annual rate of 4.08 million, the National Association of Realtors reported. However, sales rose 2% from a year ago. Total housing inventory in January was 1.18 million units, up 3.5% from the prior month. The median home price was $396,900, up 4.8% from the previous year.
Fed releases formal proposal to create ‘skinny’ master accounts
After previously seeking public input on the idea, the Federal Reserve issued a formal proposal for establishing payment accounts and will seek further comment.









