Obama Housing Scorecard: Foreclosure starts reach 8-year low | Pound Ridge Real Estate

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President Obama spoke Tuesday about how far housing has come from its pit in the middle of the crisis. The latest housing scorecard from the Obama Administration only strengthened the president’s statements, yet serves as a reminder that there is still a long ways to go.
“As the July housing scorecard indicates, the Obama Administration’s efforts to speed the housing recovery are continuing to build upon the progress that has been made over the last four years,” said U.S. Department of Housing and Urban Development Deputy Assistant Secretary for Economic Affairs Kurt Usowski.
Home prices continue to trudge forward, with the S&P Case-Shiller home price index up from 152.4 in April to 156.1 in the latest report in May. Year-over-year the index is up from 139.2 in May 2012.

As rising mortgage rates begin to catch up with the housing recovery, less buyers are feeling the pressure to buy a home right now. According to the National Association of Realtors, existing-home sales fell from a revised 428,300 in May to 423,300 in June.


Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor » Blog Archive » Obama Housing Scorecard: Foreclosure starts reach 8-year low | Pound Ridge Real Estate

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