The bad news just keeps coming…
Yesterday, the media reported that new claims for jobless benefits unexpectedly rose last week following two declines. The Labor Department said claims increased by 10,000 to a seasonally adjusted 418,000 in the week ended July 16.
On the homes front, Rasmussen reports this morning that confidence in home-buying has fallen to a record low.
The latest Rasmussen Reports national telephone survey of American Adults shows that only 43% believe buying a home is the best investment a family can make, down from 47% last month and the lowest level of confidence in home-buying ever recorded. Prior to June’s numbers, this finding had ranged from a low of 51% to a high of 73% since September 2008. As recently as last September, 60% felt that way.