The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Treasury released the July Housing Scorecard earlier this month. The report says higher sales of new and previously owned homes, a lower mortgage rate, and higher home prices show that the housing market recovery is continuing
Markets in 68 of the approximately 360 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the first quarter of 2015, according to the National Association of Home Builders/First American Leading Markets Index (LMI), released today. This represents a year-over-year net gain of seven markets
New York, NY - May 29, 2013 - (RealEstateRama) -- Get the facts on how to apply for the NYC and NYS Community Block Grant housing recovery assistance. Presentations by officials from the Mayor's Housing and Recovery Operations and NYS Homes and Communi...
WASHINGTON, D.C. - February 25, 2013 - (RealEstateRama) -- There seems to be a sliver of hope for the real estate market in the U.S. According to the National Association of Realtors, median sales price in January for previously-owned homes has risen 12.3 percent annually. This is the strongest gain in over seven years and the 11th consecutive month of annual increases. Primary reasons for this gain in price are thought to be a low inventory and an inflow of investors with enough money to heat up the bidding markets. There has also been an increase in the number of traditional sales rather than foreclosures and short sales.
WASHINGTON, D.C. - April 14, 2011 - (RealEstateRama) -- The following statement was issued by the Center for Responsible Lending, the Community Mortgage Banking Project, the Mortgage Bankers Association, the Mortgage Insurance Companies of America, the National Association of Home Builders and the National Association of Realtors in advance of the April 14th House Subcommittee on Capital Markets and Government Sponsored Enterprises hearing on the Qualified Residential Mortgage:“In the midst of a very fragile housing recovery, the government is throwing a devastating, unnecessary and very expensive wrench into the American dream. First time homebuyers will have to choose between higher rates today or a 9-14 year delay while they save up the necessary down payment. And 25 million current homeowners would be locked out of lower refinancing rates because they lack the required 25 percent equity in their homes.”