Existing home sales rose 2% in July to a seasonally adjusted annual rate of 4.01 million, the National Association of Realtors reported. Sales also increased 0.8% from a year ago. Total housing inventory in July was 1.55 million units, up 0.6% from the prior month. The median home price was $422,400, up 0.2% from the previous year.
House committee advances four ABA-backed bills
The House Financial Services Committee advanced four bills supported by ABA, covering topics ranging from stress testing to community banks.