While there’s still a rough road ahead for home owners facing foreclosure, there are signs that the housing market appears to be stabilizing. The link below provides more detail and insight to the HUD (Department of Housing and Urban Development) Scorecard.
Here are a couple of highlights:
- With the lowest interest rates in 30 years, families have been able to refinance – which helped 7.1 million homeowners, and created $12.7 billion in total borrower savings.
- For the beginning part of 2010, home prices remained level – for the first time in 33 months.
Do you feel that home prices are stabilizing in your neighborhood? What other signs of stabilization have you noticed in your area?