Existing Home Sales from National Assoc of Realtors
The National Association of Realtors announced late this morning that home resales slipped 0.4% last month. This was weaker than the small increase that was expected, indicating the housing sector remains softer than analysts thought. That makes the data good news for bonds and mortgage rates. Unfortunately, this is considered to be only a moderately important report, preventing a more noticeable reaction to the results.