Here are some recent housing updates:
1. Foreclosures are down 67% in February from the peak in 2010. 1.4% of all homes with a mortgage are in the foreclosure inventory as of February 2015. …..CoreLogic.
2. Home builders are positive. The National Association of Home Builders Housing Market Index rose 4 points to 56 in March. The index measures builder confidence and readings over 50 are seen as positive. Housing starts in March were higher than February (heavy snow caused the big decline). There were 926,000 starts – the average was 1.5 million for the 20 years leading up to the housing crisis…… MMG Weekly.
3. Existing home sales in March surged by 6.1% from February to an annual rate of 5.19 million units. This was the largest monthly increase since December 2010. Sales are also up 10.4% from one year ago……National Association of Realtors.
