US July existing home sales 4.06m vs 4.05m expected

Prior was 4.09m (revised to 4.13m) Sales -1.7% vs -2.4% prior (revised to -1.4%) Home prices +2.0% y/y Median price $434,100 Inventory at 4.6 months vs 4.6 months prior The housing market is in a steady state that isn't helped by high mortgage rates due to rising Treasury…