As summer kicks in and millions of people take vacations or long weekends, home is the not generally where the heart is. Though you'll still see "For Sale" signs, few people are looking to buy or sell a home.
And while the real estate market may be in the summer doldrums, there was certainly a lot of developments in the industry this week. Here's a roundup.
The burning question for some time how the housing slump will affect the overall economy. The general consensus has been not much and that view was amplfied by Philadelphia Federal Reserve Bank President Charles Plosser Wednesday. In a speech, Plosser said there are not likely to be "significant spillover effects," adding that housing's drag on the US economy should "diminish but continue until sometime next year."