The U.S. Department of Housing and Urban Development and the U.S. Department of the Treasury’s monthly Housing Scorecard collects key market data and tracks the administration’s recovery efforts. The April report cites progress made in home sales and mortgage delinquencies but says there is continued fragility in the housing market. Mortgage delinquencies have declined for four straight months and existing-home sales are up more than five percent from last year’s level. Home prices, while still fragile, are beginning to show signs of stabilization and, in some markets, improvement. Also, inventory is at its lowest level in years, having fallen to levels typically associated with a healthy, balanced market. More here and here.

 

4 Comments on Government Scorecard Finds Progress In Recent Housing Data

MAY
07
2012
181,003 Points 2 Featured Posts

Eventually all markets take care of themselves. Get humans involved and things take longer. Real Estate markets will return but only to a normalcy. It will be a long time before we see price levels of 2004 - 2006.
10:04pm • #1
229,594 Points 4 Featured Posts Outside Blog Called Shot Master

Real estate is cyclical. What goes down will eventuall go back up. The market has reached the point where it is heading upward, however at a much slower pace than the last cycle.
10:09pm • #2
562,911 Points 2 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Good Morning Jan

Thanks  for the post and information. Have a greay day
10:34pm • #3
MAY
25
2012
Normalcy sounds pretty good to me, thanks for your comments. Jan Delimont Prudential Seaboard Properties, Coos Bay, OR
Jan Delimont
7:44am • #4


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Jan Delimont, Principal Broker (Prudential Seaboard Properties) Rainmaker_large

Jan Delimont, Principal Broker

Coos Bay, OR

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