December Housing Scorecard Points to Improving Home Equity and Prices

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Posted To: MND NewsWire

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the December edition of the Obama Administration's Housing Scorecard . The Scorecard is a summary of housing data from various sources such as the S&P/Case-Shiller house price indices, the National Association of Realtors® existing home sales report, Census data, and RealtyTrac foreclosure information. Most of the information has already been covered by MND. The report pointed to a number of positives for the housing market . For example, Home prices showed large annual gains for the 12 months ending October 2012 . Based on Case-Shiller data, house prices have increased much faster than predicted and are now running about 25 points higher than futures on the Case-Shiller...(read more)

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Source: http://www.mortgagenewsdaily.com/01112013_hamp_housing_scorecard.asp

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