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Nationally, single family housing starts are down 6.7% on an annual basis, and are at the lowest levels since 1982! This situation is actually good news for the real estate market and future of the housing industry. This level of activity should help in bringing down the excess of inventory out there!
Another sign of improvement! California’s foreclosure rate in February fell 15% from January! Nationally, foreclosure filings DECREASED 4% from January to February.
Some more interesting information, I just read from Brian Buffini and will summarize here. There are many places in California and Nevada where the foreclosure rate is in excess of 4%, however the National average is 1.033% Factor in that 30% of homes are owned free and clear the actual number of mortgage being foreclosed is closer to .7%. Read the full post here.
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[...] buygeg wrote an interesting post today onHere’s a quick excerptThere are many places in California and Nevada where the foreclosure rate is in excess of 4%, however the National average is 1.033% Factor in that 30% of homes are owned free and clear the actual number of mortgage being foreclosed is … [...]
[...] Han wrote an interesting post today onHere’s a quick excerpt Nationally, single family housing starts are down 6.7% on an annual basis, and are at the lowest levels since 1982! This situation is actually good news for the real estate market and future of the housing industry. This level of activity should help in bringing down the excess of inventory out there! Another sign of improvement! California’s foreclosure rate in February fell 15% from January! Nationally, foreclosure filings DECREASED 4% from January to February. Some more interesting in [...]