The U.S. Department of Housing and Urban Development and the U.S. Department of Treasury’s April Housing Scorecard details the Administration’s housing recovery efforts and key indicators of market health. According to the report, housing data through March paints a mixed picture. Though prices remain under pressure from foreclosures and distressed home sales, mortgage delinquencies and foreclosure starts have continued a downward trend and nearly 10 million homeowners have refinanced their homes, saving a total of $18.8 billion due to record low mortgage rates. HUD Assistant Secretary Raphael Bostic said housing data continues to show signs of weakness despite growing evidence of progress in the broader economy. More here and here.
