Housing ScoreCard July Of 2012

By
Real Estate Agent with Sellstate Pacific Realty BRE #01044712

On August 3, 2012, The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released July 2012 of the Obama administration's Housing Scorecard on the nation’s housing market. The housing scorecard data shows signs of improvement on mortgage delinquencies, but overall does not appear stabilizing.

Total available housing inventory would take 6.6 months of existing homes, and 4.9 months of new homes to sell on this market. As of June 2012 over one million homeowners received a permanent modification saving approximately $537 each month, and up to $13.9 billion to date according HUD Public Affairs (202)708-0980 and Treasury Public Affairs (202)622-2960 HUDNo.12-129. The full Housing Scorecard report is available online at www.hud.gov/scorecard.

It appears that Home Affordable Modification and Refinance Program, helped many home owners to obtain more affordable mortgages and do loan modifications to prevent foreclosure and stay in their homes.

For more complete information on The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury July edition Housing Scorecard a on the nation’s housing market, please CLICK HERE

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Rainmaker
360,026
Heather Tawes Nelson
Associate Broker, ABR, CLHMS, CRS - Scottsdale, AZ
Realty ONE Group

It is interesting to see how much things have changed regarding months inventory. Thanks for sharing. 

August 08, 2012 05:05 PM
Rainmaker
133,175
George Fanucci
Internet - Technology - Business - Solutions
CoreFact.com
John, thanks for your monthly update. Very concise and good references for more detailed information.
August 09, 2012 03:25 PM
Rainmaker
1,141,597
John Pusa
Your All Time Realtor With Exceptional Service
Sellstate Pacific Realty

Heather, yes, market is changing, Thanks for stopping by and the comment.

George, you are welcome. Thanks for stopping by and the comment.

August 09, 2012 03:29 PM
Rainmaker
1,884,785
Roy Kelley
Roy and Dolores Kelley Photographs
Retired Real Estate Broker, Maryland Blogger

Thanks for your report.

Have an outstanding weekend with your camera in hand.

 

August 10, 2012 03:03 PM
Rainmaker
527,423
Michele Cadogan
917-861-861 - Brooklyn Real Estate Home Sales
Fillmore Real Estate

 

John,

Thanks for stopping by my post and sharing this HUD scorecard info-  Its good to see that so many people were help with the loan modification process, one can only hope that the modifications and change in overall spending behavior these homeowners will be able to maintain their current homes. 

August 13, 2012 11:06 AM
Rainmaker
342,688
Shannon Milligan, Richmond VA Real Estate Agent
RVA Home Team - Winning with Integrity.
RVA Home Team with Jefferson Properties

It is great news that the modification programs are working and keeping more money in the home buyers pockets, which they can then spend elsewhere to boost the economy!

August 13, 2012 04:57 PM
Rainmaker
1,775,119
Gabe Sanders
Stuart Florida Real Estate
the BlueWater Realty team specializing in Martin County Residential Homes, Condos and Land Sales

Finally a little bit of good news about the housing industry.  Thanks for sharing the info John.

August 15, 2012 04:57 AM
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Rainmaker
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John Pusa

Your All Time Realtor With Exceptional Service
I will be very happy to assist you with your real estate needs.
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