Home prices rose nationally for the seventh straight month in December as the U.S. housing market continues its bumpy road to recovery.
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Real estate pricing – Real estate economics – United States – Real estate – Business
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The number of households caught up in the foreclosure crisis rose more than 5 percent from summer to fall.
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The National Association of Home Builders said Wednesday its housing market index rose in September for the third month in a row.
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Demand for U.S. home loans fell by more than 8 percent as fixed mortgage rates rose last week, the Mortgage Bankers Association said on Wednesday.
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U.S. mortgage applications rose last week, largely reflecting a jump in demand for home refinancing loans as interest rates slid to a five-week low.
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The National Association of Home Builders said Monday its housing market index rose in August to the highest point in more than a year.
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The number of U.S. households on the verge of losing their homes rose 7 percent from June to July, as the foreclosure crisis continued to outpace government efforts to limit the damage.
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“Fannie and Freddie are on soaring. For five days in a row Fannie Mae and Freddie Mac mortgage securities have rose. Interesting the rise in mortgage bonds is not due to an increase in the mortgage refinancing and modifying but in a reduction in refinancing, well below the forecasted levels.”
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The National Association of Realtors says pending home sales rose in June for the fifth straight month, another encouraging sign of life for the embattled U.S. housing market.

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