Housing Scorecard: HAMP Continues Brisk Trial Modification Rate

Posted To: MND NewsWire

The Obama Administration’s Monthly Housing Scorecard for April was released this afternoon by the Departments of Treasury and Housing and Urban Development. The scorecard contains a wrap-up of housing data released earlier from RealtyTrac, the Census Bureau, S&P Case Shiller, and other sources. All of the data has been previously covered by MND, however a few points bear repeating. Publishers of major housing indices all report that home prices which have been gradually moving upwards since last summer remained stable through mid-winter. Most indications are that prices are moving ahead of earlier projections. Sales of new and existing homes have remained relatively flat, probably because of a lack of available inventory. The number of available existing homes is at the lowest point since…(read more)

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