The latest data show important progress across many key indicatorsas home prices, purchases of new homes, and sales of existing homes continue to show strong annual gainsalthough officials caution that the overall recovery remains fragile. The full Housing Scorecard is available online at http://www.hud.gov/scorecard . As indicated in the August housing scorecard, the Administration continues to work to stabilize the housing market and help responsible homeowners get back on their feet, said HUD Deputy Assistant Secretary for Economic Affairs Kurt Usowski. With the number of underwater homeowners decreasing by more than 40%, it is clear that we are moving in the right direction. property management baltimore As we regain stability in our housing markets, it is important to remember that we still have a long way to go in making sure that our housing finance system is strong for future generations. The standards set by the Making Home Affordable Program have changed the mortgage servicing industry, as have our quarterly assessments of servicer performance said Treasury Assistant Secretary for Financial Stability Tim Massad. While there has been significant progress, there is still more improvement needed in servicer behavior.
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Bay Area housing market cooling
“The competitive market made it super-exhausting for people,” he said. “They’re exhausted from looking This Tuesday, Aug. 21, 2012, photo, shows an exterior view of a home sold in Palo Alto, Calif. (Paul Sakuma/AP photo) for places, school’s back in, and the market tends to slow down seasonally in the fall.” Jim Kabel, a remodeling contractor in San Jose, might be a poster child for the new market conditions. He started looking for a home several months ago but lost out several times to higher bidders. Recently, though, he snagged a townhouse in San Jose.
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