The U.S. Census Bureau and Department of Housing and Urban Development (HUD) said in a monthly report today that sales of new homes in the U.S. fell in June to the lowest level since early 2020, as high prices and limited selection frustrated scores of would-be buyers, Realtor.com reports. The Millionacres takeaway: Those same issues are also keeping some potential home sellers on the sidelines, since they'd then have to buy into that same high-priced market. The Biden administration has announced new loan modification options for borrowers who have government-backed home loans in order to help homeowners who are still struggling to make their mortgage payments due to the COVID-19 pandemic, the National Association of Home Builders reports today.
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