2010, Real Estate | featured news

Housing Double Dip Appears To Be Underway

Home values slide again in 2010, with few exceptions.

 

May home sales unexpectedly fall 2.2 percent

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

 

Mortgage delinquencies spike 10%

Mortgage delinquencies spike 10%

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.

 

Housing starts hit highest level since Nov. 2008

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.

 

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