The Commerce Department reported(.pdf) that new home sales surged 27 percent in March as buyers rushed to get under contract in advance of the expiring homebuyer tax credit next week. As opposed to  yesterday’s report on existing home sales that reflect closings, new home sales figures reflect contracts signed, meaning that there may be… Continue Reading New Home Sales Rise – Don’t Get Too Excited

Following the remarkably high 60 percent back-end debt-to-income ratio for homeowners whose loans have been made “permanent” via the government’s HAMP program as noted here a couple days ago come more scary statistics on the nation’s housing market. From Diana Olick’s Loans Going Bad Faster Than the Fixes comes word of how long the… Continue Reading Scary Housing Statistics of the Last 24 Hours