Current Market Data

Freddie Mac Reports First Annual Profit in Six Years

Well, it finally happened. After six years of jaw-dropping losses, many of them in the tens of billions of dollars, embattled GSE Freddie Mac has emerged victorious in 2012, riding the wave of the housing recovery and reporting its

Foreclosure Markets Show Improvement in RealtyTrac Report

The foreclosure markets showed definite signs of improvement in the RealtyTrac U.S. Foreclosure & Short Sales Report, which studied distressed property sales in 2012. Altogether, there were 947,995 distressed property sales in 2012, which is down 6 percent from 2011

Housing Market Recovery is a Bright Spot for the Nation

It’s no secret that the United States is going through a rough economic patch right now. However, the nation’s housing market recovery is a sign that the economy is slowly improving and rebounding from the

Residential Construction Spending Flat in January

Residential construction spending was flat in January, though overall construction spending remained above where it was a year ago, according to the latest analysis from the U.S. Census Bureau of the Department of

HARP Refinancings Surged in 2012

The government’s Home Affordable Refinance Program, or HARP, started out as a terrific punchline. Though sincere in its aims, the program was saddled with overly restrictive requirements for the nation’s troubled borrowers, and very few were able to take

Freddie Mac Posts Record Multifamily Housing Business in 2012

Freddie Mac’s multifamily housing business increased dramatically in 2012, with the GSE posting its highest volume of multifamily housing business in its

Robert Shiller: Conan the Housing Contrarian

News regarding the housing market has been uniformly positive the last couple of weeks. New home sales in January hit their highest level since 2008. Negative equity is improving. Contract activity has been strong, and the mortgage markets continue

Will GSE Reform Actually Happen?

The Bipartisan Policy Center’s Housing Commission threw its hat into the GSE reform ring earlier this week, issuing a detailed report calling for a gradual, yet transformative, change to how the nation’s mortgage markets currently operate – and one

Zillow: Negative Equity in the U.S. Continues to Improve

The negative equity situation in the U.S. is one of improvement, reported real estate website Zillow, though there is still progress to be made. As Stan Humphries, Zillow’s chief economist, put it, the benefits of an improving equity situation are

Pending Home Sales Index Jumps 9.5 Percent in January

The Pending Home Sales Index from the National Association of Realtors rose 9.5 percent year-over-year in January, rising to its highest reading since April 2010 and boasting its 21st straight month of yearly

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