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Shannon Register

Register Real Estate Advisors

Shannon Register's Blog

My blog gives details about my listings, open houses, current real estate news, industry changes, and housing information. I also like to add fun and interesting things I find online. You can get real estate information at

Housing Scorecard Shows Increased Home Sales

March 6th, 2011

NORWALK, Conn. (RISMedia) – Sales of existing homes increased nationally in January as home affordability remained high, according to the latest figures on the Obama Administration’s Housing Scorecard. However, officials caution that the market remains fragile, as prices are unsettled.

The housing market remains fragile as data through January 2011 paint a mixed picture of recovery, reports RISMedia.

Existing home sales ticked upward in January, but remained below levels seen in the first half of 2010. Mortgage delinquencies continued a downward trend compared with early 2010, and foreclosure starts and completions remain below peak.

However, as lenders review internal procedures related to foreclosure processing, many foreclosure actions have been delayed. RISMedia said the decline is likely to be temporary as lenders eventually revise and resubmit foreclosure paperwork in the coming months.

"Housing Scorecard Shows Increased Home Sales" was originally posted as a blog post at on March 5, 2011.

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Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®
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