New home sales exceeded forecasts in the latest government readings Friday, another sign of a long-awaited recovery in the battered housing market.
The Census Bureau reported that the pace of new home sales hit a seasonally-adjusted annual rate of 321,000 in January, up from the previous reading for December and better than economists' forecasts. Census also revised the December figure higher to a rate of 324,000, meaning that the pace of sales was about 6% stronger that month than the original estimate.
- 2011 Q4 housing market figures,
- DFW real estate,
- existing home sales,
- foreclosure rates,
- home ownership,
- housing market,
- housing market status,
- mortgage rates,
- national housing market,
- national housing market status update,
- new home sales,
- Real Estate,
- Rogers Healy and Associates,
- Troy Stacha
A recent article published from Main Street reports that severe mortgage delinquencies (home payments 90+ days late) are declining.
In December 2009 late delinquencies were at 10.4 percent, however in June 2011 the rate decreased to 9.3 percent. This figure is still high, but an improvement none the less.