The National Association of Realtors reports on July sales of existing homes Wednesday at 10 a.m. Eastern.
SALES DIP: Economists expect that sales fell 1.3 percent to a seasonally adjusted annual rate of 5.51 million, according to a survey by the data firm FactSet. That would be a pullback from June's 1.1 gain percent gain to a rate of 5.57 million, the highest level since February 2007.
LIMITED SUPPLIES: Fewer existing homes are coming onto the market this year, creating a potential ceiling for sales growth as homebuilders struggle to keep up with demand for new homes. The number of listings has fallen 5.8 percent from a year ago to 2.12 million.
Low mortgage and...