Never before in recorded history have so many homes been affordable to households earning a moderate annual income.
Never before in recorded history have so many homes been affordable to households earning a moderate annual income.
After a brief dip in April, the National Association of Homebuilders reports that the Housing Market Index rose 5 points in May to 29.
According to the Federal Home Finance Agency’s Home Price Index, home prices rose a seasonally-adjusted 0.3 percent between January and February 2012.
After a series of worse-than-expected data last month, the housing market appears to be back on track.
Last month marks the first time since July 2007 that foreclosure filings numbered less than 200,000 on a monthly basis — a span of nearly 5 years.
In March, single-family Housing Starts were down 0.2% from the month prior, or just 1,000 units on a seasonally-adjusted, annualized basis.