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April Housing Scorecard: Progress as Values Rise and Sales Remain Strong

Posted by Breckenridge Associates Real Estate on Tuesday, June 4th, 2013 at 3:40pm.

The U.S. Department of Housing and Urban Development and the U.S. Department of the Treasury recently released the April edition of the Obama Administration’s Housing Scorecard – a comprehensive report on the nation’s housing market. The latest data shows important progress across many key indicators. Even though home values continue to rise and home sales remained strong, officials caution that the overall recovery remains fragile.

The annual increase in home prices is the highest in nearly seven years and sales of existing and new homes are both up over 10 percent from one year ago, said HUD Deputy Assistant Secretary for Economic Affairs Kurt Usowski.

The April Housing Scorecard features key data on the health of the housing market and the impact of the Administration’s foreclosure prevention programs, including:

• The Administration’s foreclosure mitigation programs are providing relief for millions of homeowners as we continue to recover from an unprecedented housing crisis.

• Homeowners in Home Affordable Modification Program continue to benefit from deep payment relief, helping them sustain their mortgage payments over time.

• The Administration’s Hardest Hit Fund and Neighborhood Stabilization Programs have fueled local foreclosure prevention efforts and market stability, while nearly 231,600 households have received mortgage modifications, many directly through Administration programs.

For more information, visit www.hud.gov. The full Housing Scorecard is available online at www.hud.gov/scorecard.

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