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Author Archives: Esther Cho

National Home Prices in May Increase 12.2% from Year Ago

National home prices in May posted their biggest annual gain since February 2006, CoreLogic reported Tuesday. When including distressed sales, home prices shot up by 12.2 percent year-over-year in May, marking the 15th straight month of increases. From April to May, home prices climbed 2.6 percent. CoreLogic's pending home price index points to further improvements in June, with prices projected to exceed May's increase with a 13.2 percent gain.

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GSEs Help 130K Borrowers Avoid Foreclosure in Q1, Delinquencies Fall

So far, efforts from the GSEs have led to nearly 2.8 million foreclosure prevention actions since the start of the September 2008 conservatorship, the FHFA reported Monday. The agency also found the serious delinquency rate for GSE borrowers decreased to 3 percent compared to 8 percent for Federal Housing Administration (FHA) loans. However, more than half of the GSEs' seriously delinquent borrowers were past due by at least a year in the first quarter.

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