Data from the 2010 American Community Survey indicates that single-family detached housing attracted 79.2 percent of the new households in the 51 major metropolitan areas over the past decade.
The Federal Housing Finance Agency plan to overhaul the Home Affordable Refinance Program (HARP) would mean that only 17 percent of Fannie Mae and Freddie Mac 30-year loans qualify for refinancing.
Calculated Risk reported that S&P/Case Shiller’s monthly Home Price Indices for August (actually a three-month average of June, July and August) indicate that home prices, when seasonally adjusted, declined.
The average number of days that homes have been on the market is 107, according to financial news site 24/7 Wall St. The site identified 10 cities where homes are on the market the longest.
Some analyses are suggesting the housing market might finally be turning around. Two JPMorgan analysts authored a report that states home prices, demand and building are all set to increase.