July Market Info

    Top News
    What the crisis in Greece means for the U.S. and global economies
    Washington Post – While economists say the Greek crisis would certainly be a roadblock for the U.S. economic recovery and a setback for the global economy, it may not be a disaster unless it sparks a broader panic.
    Good news for the 99%…absolutely killer news for the 1%
    CNN Money – Score one for the little guy.  The 99% finally saw their incomes grow in 2014, according to a new analysis by UC Berkeley Professor Emmanuel Saez.  Family income rose 3.3% after inflation, the first meaningful gain in 15 years.

     

    Industry News
    Pending sales of U.S. existing homes climb to 9-year high
    Bloomberg – The pending home sales index increased 0.9 percent to 112.6, the highest since April 2006, after a revised 2.7 percent advance in the previous month, the National Association of Realtors said Monday in Washington.
    45% of homes sold in less than a month
    REALTOR Magazine – Homes are spending less time on the market. Forty-five percent of homes sold in May were on the market for less than a month, according to the National Association of REALTORS®. On average, properties in May stayed on the market for 40 days.
    Can you afford a new home?  Read on…
    FoxBusiness – There are plenty of calculators on the web that can help you understand the numbers, but when it comes to such a big investment, it makes sense to consider all the things you may have to pay for.  So, here are some rules of thumb to help you understand how much money you can spend on your new digs.

     

    Technology News
    Report: Next iPhone likely to add Force Touch
    USA Today – According to Bloomberg, the successors to the iPhone 6 and iPhone 6 Plus will include Force Touch, which reads the pressure users apply to the touchscreen with their fingers.

     

    Other News
    4 steps to give yourself a motivation makeover
    INC.com – When a crisis of confidence kicks in, it’s time to crate your own ‘motivational cocktail’ for success.
    “Leap second’: why June 30 will have one extra second
    Los Angeles Times – Leap years come like clockwork every fourth calendar year, but leap seconds are less predictable. The June 30, 2015, leap second is the 26th time that an extra second has been tacked on to a day since atomic clocks began governing our time in 1967.

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