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Welcome to the week -- business and -- this got me in New York Wall Street and main street we'll have all eyes on important housing news out next week.
Existing home sells for July reported Wednesday.
In June existing home sales were down at one point 2% from the month before.
But the sales pace of previously owned homes remains of 15% higher than a year ago.
Rising mortgage rates -- low inventory and decreases in distressed activity are off that to be factors in the monthly drop.
Friday July the new home sales are out sales of newly built homes rose to a five year high in June beating economists' expectations.
Important that news is also out next week the Federal Open Market Committee releases its minutes on Wednesday.
And the Federal Reserve vice chairman Janet Yellen is speaking on Friday.
The street always watching for clues on -- that is going to start tapering it's 85 billion dollar bond buying program.
That's it for the week -- business in New York Christina Scott Fox Business.
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