Foreclosures filings fell 5 percent between March and April of this year, and by 11 percent as compared to one year ago. The data comes from RealtyTrac. The foreclosure-tracking firm tallied fewer than 189,000 foreclosure-related actions last month -- the fewest number since July 2007. Rapidly-declining foreclosure figures are another signal that the U.S. housing market may already be in recovery. According to RealtyTrac's methodology, a "foreclosure filing" is any one of the following … [Read more...]
Apr
17
Homebuilder Confidence Slips 3 Points In April
April 17, 2012 By Leave a Comment
For the first time in 3 months, homebuilder confidence has slipped. As measured by the National Association of Homebuilders, the Housing Market Index dropped three notches in April to a reading of 25. The report measures homebuilder confidence in the newly-built, single-family housing market. When the Housing Market Index reads 50 or better, it reflects favorable market conditions. Readings below 50 reflect unfavorable conditions. According to the scale, not since April 2006 have … [Read more...]
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