AP - New home sales tumbled in August to the slowest pace in 17 years, while the average sales price fell by the largest amount on record, demonstrating the depth of the problem that Washington is trying to solve.

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AFP - US new home sales plunged 11.5 percent in August despite a sharp drop in prices, government data showed Thursday, with tight credit blamed for further distress in the battered real estate sector.

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AFP - Ireland on Thursday became the first eurozone member to fall into a recession since the US subprime home loan crisis sparked a global economic slowdown, official data showed.

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AP - President Bush said Wednesday that lawmakers risk a cascade of wiped-out retirement savings, rising home foreclosures, lost jobs and closed businesses if they fail to act on a massive financial rescue plan. “Our entire economy is in danger,” he said.

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AP - A record decline in U.S. home prices in August attracted more buyers in some areas and led to a sizable decline in the number of unsold homes on the market, the National Association of Realtors said Wednesday.

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AFP - The US Federal Bureau of Investigation confirmed Wednesday that it is probing allegations of fraud by 24 Wall Street firms, without naming investment giants believed to be under investigation.

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Reuters - Prices of U.S. existing homes suffered a record drop in August and the rate of sales tumbled, offering little sign of improvement in the source of the financial crisis in the United States.

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Reuters - The FBI is investigating Fannie Mae , Freddie Mac , Lehman Brothers Holdings Inc and insurer American International Group Inc , expanding its probe of potential corporate fraud, law enforcement officials said on Wednesday.

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