"You take the good, you take the bad." That theme song from the classic television series The Facts of Life applies to the mix of news we've seen recently. Here are the key items you need to know.

The housing sector featured a mix of good and disappointing news. On the good side, Existing Home Sales for June rose by 2.6 percent to an annual rate of 5.04 million units. While this was above expectations, sales are below the numbers seen from a year ago. Meanwhile, New Home Sales for June unexpectedly declined by 8.1 percent from May to an annual rate of 406,000. New Home Sales are now down nearly 12 percent from June 2013.