Nation’s troubled housing market goes from bad to worse - San Francisco Gate
Nervous homeowners and economic analysts have been wondering how much worse the housing market could get. On Thursday, they got an answer: Plenty. Foreclosures are at a record high. Home equity is at a record low. The housing market is spiraling down

US consumer borrowing increases by $14.3 billion - Boston Globe
WASHINGTON - US consumers borrowed more than twice as much as economists forecast in June as a decline in home equity forced Americans to fund purchases with credit cards and other loans. Consumer credit rose by $14.3 billion, the most since November