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
377,980
Heather Tawes Nelson
Realty ONE Group - Scottsdale, AZ
Associate Broker, ABR, CLHMS, CRS - Scottsdale, AZ

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

Aug 08, 2012 05:05 PM #1
Rainmaker
137,908
George Fanucci
CoreFact.com - Los Altos, CA
Internet - Technology - Business - Solutions
John, thanks for your monthly update. Very concise and good references for more detailed information.
Aug 09, 2012 03:25 PM #2
Rainmaker
1,284,114
John Pusa
Sellstate Pacific Realty - Glendale, CA
Your All Time Realtor With Exceptional Service

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

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

Aug 09, 2012 03:29 PM #3
Rainmaker
2,153,703
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Thanks for your report.

Have an outstanding weekend with your camera in hand.

 

Aug 10, 2012 03:03 PM #4
Rainmaker
585,470
Michele Cadogan
Fillmore Real Estate - Brooklyn, NY
917-861-9166 - Brooklyn Real Estate Home Sales

 

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. 

Aug 13, 2012 11:06 AM #5
Rainmaker
414,811
Shannon Milligan, Richmond VA Real Estate Agent
RVA Home Team - Richmond, VA
RVA Home Team - Winning with Integrity.

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!

Aug 13, 2012 04:57 PM #6
Rainmaker
2,008,390
Gabe Sanders
the BlueWater Realty team specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

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

Aug 15, 2012 04:57 AM #7
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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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