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WASHINGTON– The U.S. Department of Housing and Urban Development and the U.S. Department of the Treasury recently released the September edition of the Obama administration’s Housing Scorecard — a comprehensive report on the nation’s housing market.
Data continue to show signs that the housing market is strengthening; home equity has increased by $860 billion since the end of 2011 and August had the highest level of existing home sales in more than two years. Although officials caution that the overall recovery remains fragile.
The full Housing Scorecard is available online at hud.gov/scorecard.
“As the September housing scorecard indicates, our housing market is showing important signs of recovery — with homeowner equity at a four-year high and summer sales of existing homes at the strongest pace in two years,” said HUD Acting Assistant Secretary Erika Poethig. “The Administration’s efforts to keep housing affordable and refinances strong are critical with so many households still struggling to make ends meet. That is why we continue to ask Congress to approve the president’s refinancing proposal so that more homeowners can secure the help they need.”
“Tens of thousands of additional families benefit from the Administration’s programs every month, which offer some of the deepest assistance available to prevent foreclosures,” said Treasury Assistant Secretary for Financial Stability Tim Massad. “As the housing market continues to recover, we remain focused on helping eligible families access this assistance.””
The September Housing Scorecard features key data on the health of the housing market and the impact of the Administration’s foreclosure prevention programs, including: