Existing home sales report on the agenda today
The blockbuster yesterday has piqued interest in exactly how strong the housing market might be.
new home sales report
Today, data on US house prices and existing home sales should add to the debate. The FHFA house price index is first at 1300 GMT and expected to rise 0.3% in June. At the same time, the quarterly house price purchase index is due. At 1400 GMT, the existing home sales report is expected to dip to 5.51m from 5.57m but given the strength in new home sales, there are upside risks.
