Here come existing-home sales ...

The National Association of Realtors will publish its monthly report on US existing-home sales at 10 a.m. ET.

Economists forecast that sales in the most active part of the housing market rose 2.2% at a seasonally adjusted annual rate of 5.6 million in March, according to Bloomberg.

Recent gains in pending home sales, which lead existing-home sales by a few months, could bode well for the latter, according to Deutsche Bank.

Sales eased from a 10-year high in February as a limited supply of affordable houses kept prices high and strained some buyers’ budgets, according to the NAR. Wealthier investors who were willing to pay in cash made up an above-average share of the market and held a competitive advantage over first-time buyers, the NAR said.

More to come …

NOW WATCH: Baltimore’s solar-powered water wheel has now removed 1.1 million lbs of rubbish from the river

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at