Existing Home Sales from National Assoc of Realtors
Tomorrow has two items scheduled that we will be watching. The National Association of Realtors will post their Existing Home Sales report for June at 10:00 AM ET, giving us an indication of housing sector strength. They are expected to say home resales declined last month, hinting at further weakness in the sector. Weakness in the housing sector makes broader economic growth more difficult, meaning good news for rates would be a larger than expected drop in sales.