Here come existing home sales ...

The National Association of Realtors will publish its data on existing home sales during August at 10 a.m. ET.

Economists forecast that sales of existing condos, co-ops, and single-family homes rose by 1.1% at a seasonally adjusted annual rate of 5.54 million, according to Bloomberg.

Sales fell more than expected in July, by 3.2% at a rate of 5.39 million.

The numbers are volatile on a monthly basis, but showed that last month, sales fell for the first time since November 2015 on a year-over-year basis.

That was because of "frustratingly low inventory levels in many parts of the country," according to the NAR. According to the release, the decline wasn't because of a lack of demand for houses but rather not enough Americans putting their houses up for sale.

More to come ...

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