Housing Rebound Approaches a Crossroads

Investors will be watching this week for further signs that the housing market is cooling. Data on existing- and new-home sales for July are on tap for Wednesday and Thursday. Existing-home sales slumped in June for the fifth time in the first six months of the year, while new-home sales fell that month to the weakest pace in eight months. Those are worrisome trends for investors who consider housing a crucial indicator of overall economic health.

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Source: Wall Street Journal