Obama Administration releases Housing Scorecard
Latest Scorecard shows continued promise for the real estate market
HUD and the U.S. Dept. of the Treasury have released the June edition of the Obama Administration’s Housing Scorecard, which shows some promising signs of stability, though the overall outlook remains mixed.
Home equity rose $457.1 billion in the first quarter of 2012, a 7.4 percent increase from the previous quarter and its highest level since the second quarter of 2010. Sales of previously owned homes posted sharp gains in May of 9.6 percent compared with a year ago and new home sales in May recorded their highest level in more than 2 years. However, foreclosure starts and completions turned up in May, underscoring continued fragility in the housing market.
The June Housing Scorecard features key data on the health of the housing market and the impact of the Administration’s foreclosure prevention programs, including:
Bryan & Allison Devore
Prudential California Realty
North San Diego County and Carlsbad Real Estate
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