World-News

The nation's holdings of long-term Treasuries fell in June for the first time in 15 months, dropping by $21.2 billion to $839.7 billion, a U.S. government report showed yesterday. Two- year yields headed for a fifth monthly decline in August, falling today to a record 0.48 percent.

http://www.activistpost.com/2010/08/china-slashes-us-government-bond.html



Southern California Home Sales Drop 21 Percent

A tracking firm says home sales in Southern California plummeted more than 21 percent last month from July 2009, their biggest drop in more than two years.

http://cbs2.com/lasvegas/Real.Estate.Home.2.1864493.html



US homebuilder confidence sinks

Despite low mortgage rates, fewer people are buying new homes. Official data shows that in June alone purchases of existing homes declined by 5.1 percent.

http://www.presstv.ir/detail/139077.html



Loan Closing Costs Jump 36.6% Year-Over-Year

Bankrate suggests one reason for this jump in cost is the government requirement for lenders to provide accurate good faith estimates (GFEs) of closing costs.

http://bit.ly/bLOePC



Another Threat to Economy: Boomers Cutting Back

Policy makers have long worried that Americans aren't saving enough for old age. And lately, current and prospective retirees have been hit on many fronts at once: They have less money, they earn less on what they have, their houses aren't rising in value and the prospect of working longer to make up the shortfall has dimmed significantly in a lousy job market.

http://bit.ly/9pQtXn


From Information Clearing House



http://sharenews.twoday.net/search?q=US+economy
http://sharenews.twoday.net/search?q=government+bond
http://freepage.twoday.net/search?q=Treasuries
http://freepage.twoday.net/search?q=homebuilder
http://sharenews.twoday.net/search?q=home+sales
http://sharenews.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=retiree
http://sharenews.twoday.net/search?q=job+market