Tag Archives: Housing Scorecard Positive

Home owner’s equity grew by more than $815 billion in the first quarter reaching its highest level since the first quarter of 2008, the Obama Administration reports in its May housing scorecard. Home prices are increasing across the country, boosting home owner’s equity. Existing-home sales and new home sales are strengthening, inventories are rising, and foreclosures are falling, according to the report. “Despite the positive news, we have important work ahead since there are so many families and individuals still ‘underwater’ with mortgage balances higher than their home’s value,” says […]