The Housing Bubble Continues to Bounce

HousingWire says the Obama administration’s housing scorecard shows gain, but not yet a win. Prime and subprime mortgage delinquencies, and Federal Housing Administration (FHA) delinquencies, all declined from a year ago.  The Housing and Urban Development (HUD) and Treasury Departments, also said properties receiving a notice of default declined from February 2010 by 40.4 percent.  During February, 97,000 properties received a notice of foreclosure sale, down 21.2 percent from last year.  Foreclosures dropped 18 percent in that same period.  However, the median sale price for a home in January dropped 3.1 percent from a year ago, and average home prices fell to levels of 2003.  This instability and glut of available homes has stymied a sustained recovery in the overall housing market.

mas kovach mhpronews shopping with soheyla .jp

Get our ‘read-hot’ industry-leading 

get our ‘read-hot’ industry-leading emailed headline news updates

Scroll to Top