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US Mortgage Foreclosures Lowest Since 2006
The number of US properties in the process of being foreclosed upon dropped last year to its lowest level since 2006, real estate data firm RealtyTrac said Thursday. In total, 1,117,426 properties were at some stage of foreclosure proceedings in 2014, down 18 per cent from 2013 and off 61 per cent from the peak…
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US Mortgage Foreclosures Drop
The delinquency rate for US mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 5.85 per cent of all loans outstanding at the end of 3Q 2014, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The delinquency rate decreased for the sixth consecutive quarter and reached the lowest level…
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US New Home Sales
Sales of new US single-family homes rose to a six-year high in September, but a sharp downward revision to August’s sales pace indicated the housing recovery remains tentative. The Commerce Department said on Friday that sales increased 0.2 per cent to a seasonally adjusted annual rate of 467,000 units, the highest reading since July 2008.…
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Existing Home Sales, US
US home resales raced to a one-year high in September. The National Association of Realtors said Tuesday existing home sales increased 2.4 per cent to an annual rate of 5.17 million units, the strongest reading since September of last year. US Existing Home Sales While home sales picked up last month, first-time buyers, a critical…
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Housing Starts, US
US home building rebounded in September on the strength of apartment construction, a category that provides less of an economic boost than single-family homes. Housing starts rose 6.3 per cent in September from a month earlier to a seasonally adjusted annual rate of 1.017 million units, the Commerce Department said Friday. Building permits increased 1.5…
