Increased housing commitments swelled U.S. taxpayers’ total support for the financial system by $700 billion in the past year to around $3.7 trillion, a government watchdog said on Wednesday.
United States – Government – Business – Financial Services – Inspector General
Applications for home loans rose last week as rates on 30-year and 15-year fixed-ate loans sank to the lowest levels on the survey’s record.
Mortgage – Loan – Business – Financial Services – United States
Sales of previously occupied homes fell in June and are expected to keep sinking, indicating that the housing market’s troubles are likely to drag on the economic recovery.
Business – Residential Housing – Construction and Maintenance – Sales – Manufactured
For those seeking hope in the better-than-expected 23.6 percent jump in new home sales in June: it’s only one month’s data.
United States – Business – Salesmanship – Marketing and Advertising – Business and Economy
New home sales rebounded in June from the record low hit the previous month but remained sluggish.