【CNBC】New housing law targets affordability — what it means for homebuyers and sellers

• The 21st Century ROAD to Housing Act, which aims to increase the housing supply and address affordability, was passed by Congress on June 23 and automatically became law on Saturday after President Donald Trump declined to sign or veto it.
• The legislation is aimed at encouraging home construction, expanding access to financing and restricting purchases by large institutional investors.
• The median price of an existing home in the U.S. was $440,600 in June, 49.2% higher than in June 2020, according to data from the National Association of Realtors.

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