Los Angeles Times: Economy slows sharply in second quarter
By Don Lee
7/30/2010
A new report released Friday by the Commerce Dept. showed that U.S. economic growth slowed sharply in the spring, providing more evidence that the fragile recovery is losing momentum and is unlikely to generate many jobs anytime soon.
Wall Street Journal: More record lows for mortgages
By Nathan Becker
7/30/2010
U.S. mortgage rates fell again in the past week, with rates on 30-year and 15-year fixed mortgages averaging 4.54 percent and 4 percent, respectively.
Inman: NAR seeks federal ban on private transfer fees
7/29/2010
A coalition of consumer advocates, unions, and real estate industry groups is seeking a federal ban on private transfer fee covenants, a technique used to finance the capital costs of some new developments through fees that are collected every time a home changes hands.