Existing-home sales rose in January, marking three gains in the past four months, while inventories continued to improve, according to the National Association of Realtors.
The NAHB/Wells Fargo Housing Market Index showed increased confidence for the new single-family home market for the fifth consecutive month, rising to its highest point since 2007.
In 2012, banks may seize more than 1 million U.S. homes this year after legal scrutiny of their foreclosure practices slowed actions against delinquent property owners in 2011.
Attorneys general from more than 40 states have signed a proposed settlement agreement with five of the nation’s largest mortgage servicers over robo-signing foreclosure processing abuses.
Builder confidence in the 55+ housing market for single-family homes went up four points to 18 compared with the same period a year ago, according to NAHB's 55+ Housing Market Index.