Housing Market Remains In Recovery

Home sales in the U.S. continue to increase as foreclosure rates fall according to the Obama Administration’s February scorecard. Although the housing market is making impressive strides, many officials remain cautious, suggesting that the market is still in a state of recovery. The Federal Reserve Board stated that homeowner’s equity increased more than $400 billion during the last few months of 2013. The HUD Deputy Assistant Secretary for Economic Affairs, Kurt Usowski said, “February’s Housing Scorecard continues to show that the Obama Administration’s efforts to stabilize the housing market and provide relief to struggling homeowners are having a positive effect.” More here

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