Housing Market, 2010 | featured news

For those seeking hope in the better-than-expected 23.6 percent jump in new home sales in June: it's only one month's data.

Home values slide again in 2010, with few exceptions.

Sales of previously occupied homes dipped 2.2 percent in May, suggesting government home-buying incentives are winding down earlier than anticipated.

A dubious distinction was reached during the first three months of 2010: More than 10% of all borrowers are now behind on their mortgage payments.

U.S. housing starts rose more than expected in March to their highest level since November 2008 and permits to build new homes scaled a 17- month high.

The wobbly housing market is showing a rare sign of strength: pending home sales were up significantly in February, a report released Monday said, suggesting that Americans took advantage of a tax credit for home buyers.

While the Case-Shiller index showed prices were slightly higher than in December, the rebound seems to be fading. The Standard & Poor’s Case-Shiller Index rose 0.3 percent in January from December, seasonally adjusted, its eighth consecutive monthly increase.

Sales of new homes in the US fell to their lowest level on record in February, figures show.

Housing construction fell in February as winter blizzards held down activity in the Northeast and Midwest. The decline highlighted the challenges facing builders as they struggle to emerge from the worst housing slump in decades.

Report suggests demand for housing is sinking this winter, especially after stormy weather.