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Here come existing home sales ...

Akin OyedeleSep 21, 2015, 19:07 IST

Flickr/Images Money/TaxRebate.org.uk

The latest data on existing home sales will be released at the top of the hour.

Economists estimate that existing home sales fell 1.6% to an annual rate of 5.50 million.

This would follow a 2% rise in July to an annual rate of 5.59 million.

In a preview to clients, Bank of America Merrill Lynch economists wrote: "Mortgage purchase applications have slipped lower over the prior two months while pending home sales have softened. Moreover, the data are due for a reversal after the strong performance over the prior several months."

We'll be back with the latest once the data cross.

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