The National Association of Home Builders’ index identifies metro areas that have shown improvement in home sales, employment, and housing values for at least the past six months.
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“The shift toward earlier disposition of distressed properties continued in the third quarter as both lenders and at-risk home owners are realizing that short sales are often a better alternative than foreclosure,” says Daren Blomquist, vice president of RealtyTrac.
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Developers are ramping up apartment construction across the country to cash in on rising rents.
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Fixed-rate mortgages are keeping home buyer affordability high, Freddie Mac reports.
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A listing site is now adding properties that aren’t even for sale yet.
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Extending tax relief on debt forgiveness is “a high priority,” HUD Secretary Shaun Donovan said.
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