Existing Home Sales from National Assoc of Realtors
August's Existing Home Sales data was posted at 10:00 AM ET this morning. The National Association of Realtors announced a 2.0% decline in home resales last month. That was a tad larger of a decline than forecasts, hinting the housing sector may be slowing. This is good news for bonds and mortgage rates because a slowing housing sector makes broader economic growth more difficult.