Late Mortgage Payments Down Significantly
Equifax’s June edition of its National Consumer Credit Trends Report shows a sharp decline in the number of delinquent mortgage balances.
Phoenix Foreclosures Continue To Fall
In a new report released by data research firm Core Logic, the foreclosure rate in Phoenix has continued to fall.
Homes Are Getting Bigger
Homes are getting bigger. Does that mean the housing market is getting stronger? Newly released data from the U.S. Census Bureau shows homes are growing in size. In fact we may see a high water mark in 2012. According to this article, homes are typically built smaller in times of economic downturn and larger during times of prosperity.
Arizona #3 in Construction Job Growth
The latest data from the Bureau of Labor Statistics shows Arizona enjoyed the 3rd highest spike in construction job growth in May, trailing only Texas and California.
Housing Starts Slow But Permits Rise
A recent report by the U.S. Department of Commerce states a decline in housing starts due to the slowdown in the apartment and multi-family sector. However there was an increase in permits, which is an indicator of future starts, and also single family housing starts currently underway.