May’s Housing Scorecard Just Published
U.S. Housing and Urban Development Press Release
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released their monthly housing market report for May. The scorecard announces "In the first quarter of 2013, homeowners’ equity grew by more than $815 billion, reaching its highest level since the first quarter of 2008." The scorecard includes the 2013’s first quarter report for the Making Home Affordable Program, which shows improvements in the implementation and outcomes of the program and foreclosure mitigation programs, including Home Affordable Modification Program (HAMP), are also reported to show continued success. More...