Some mixed news on the economy.
FOX's Pat O'Neill reports:
Consumer confidence has dipped to its lowest level in seven months as worries over the sluggish economy and stock market turmoil take a toll.
But the Conference Board says consumer views on current business conditions still suggest the economy will keep growing at a moderate pace in the months ahead.
Sales of pre-owned homes, meanwhile, edged up about a half-percent thanks to low mortgage rates and jobs gains. The sales pace is the second-highest since 2007 and up 11% from the same period a year ago.
But it puts house-hunters in a bit of a bind, the number of listings has dropped, leaving few choices and pushing prices higher.
Pat O'Neill, FOX News.