Page 18 - Housing Data News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Steps for getting the government out of the housing market not entirely but to a large degree will help insulate taxpayers, help protect us? >> this is a big question. it leaves a lot of liable for the government if there's an enormous housing crash like the last time. the government would ensure, like the fdic with bank deposits, it would ensure that your mortgage would be okay. but the idea, the hope is that that won't happen and that the cost of the insurance will cover any future liabilities. >> rana, let's talk about the timing of this. do you think the president's making this move too so...

Putting it in the mattress. let's ask the experts. keith mccullough and -- let's look at facebook. are you buying in? >> i definitely wouldn't buy facebook today. if you own facebook, i'd take it and sell it and buy a house with it, christine. >> you would! >> yeah, i think that's the right call. people should feel comfortable in housing in particular. it's supply and demand from a mortgage -- think about your mortgage payment as a percentage of your income. it's at a historical low, so that's affordable, and prices, as you pointed out multiple times, are rising, which is a great time to buy...

Actually down beat housing data and also looking at upbeat earnings report from bank of america. i will have more on all of this coming up when the opening bell rings in about 20 minutes. carol? >> sure will. alison kosik, thanks so much. wt a moment last night. the major league all-star game in new york. bottom of the eighth a inning. the american league up 3-0. yeah, enter sandman future hall of famer mariano rivera entered the game to standing ovation from fans and from players from both teams. rivera who is retiring after this season called the moment special and priceless and in typical...

This is my favorite one. it's upside down. oh, sorry. (woman vo) it takes him places he's always wanted to go. that's why we bought a subaru. (announcer) love. it's what makes a subaru, a subaru. ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. welcome back to "new day." it is money time. christine romans is here. we had a little rally yesterday. futures are solidly higher. a 101-point gain on the dow. investors taking comfort in solid housing data.

We're going to get housing data today. i expect this housing data is going to be strong, it will show we'll see home sales improve, home prices improve, that should be great. i'm not sure how the stock market is going to react though. >> it's a funny place we're in. >> dow futures up 60 points. >> thanks. so the markets not so hot but the rest of the country incredibly hot. coast to coast, hot, sticky weather because we have the first heat wave of the summer, for some part of the country it might be downright dangerous. let's bring in indra petersons with more on the sweltering temperature. ...