Home Price Index Shows Decline, Annual Prices Stabilize

CoreLogic released its December Home Price Index (HPI), showing that home prices declined for the fifth month in a row in the U.S. According to the HPI, national home prices including distressed sales fell 5.46 percent in December compared with December 2009. Excluding distressed sales, the December year-over-year change was -2.31 percent. Annual data for […]

HECM Saver “Opens New Options” for Seniors

Several months after the FHA’s launch of its new HECM Saver mortgage insurance premium option, the Washington Post reported on its appeal of the Saver in offering a much lower startup cost than that of traditional reverse mortgages. “It opens up new options for people to think about in terms of how they tap their […]

HUD Worst Case Needs Segment Sees 20% Jump

A Feb. 1 U.S. Department of Housing and Urban Development (HUD) report to Congress found “worst case housing needs” increased 20% from 2007 to 2009, an increase of 1.2 million households in the U.S. Those with “worst case housing needs” are defined by HUD as “low-income households who paid more than half their monthly income […]

Quarterly Home Prices Fall, Overall Outlook “Encouraging”

While U.S. home prices fell 1.6% marking a quarter-over-quarter decline in January, the general outlook for home prices remains very encouraging according to Truckee, Calif.-based Clear Capital’s monthly Home Data Index (HDI) Market Report. The index provides data and analysis comparing the performance of local markets versus the national trend in home prices. Thirteen of […]