Positive Data on Mortgage Deliquencies

by Laura Ehrenberg-Chesler on April 22, 2010

in Economic Indicators,Investment Strategies,Residential Real Estate

As part of our ongoing interest in signs that the economy is improving, we are carefully monitoring housing and employment.

This past Monday, it was reported that the mortgage delinquency rate had dropped to a level not seen since the spring of 2008.

While we still have a long way to go, one professional with LPS was quoted in the Wall Street Journal as saying ” this appears to be a turning point”.  It is also the first time there has been improvement across all stages of mortgage delinquencies.

All is still not right in the housing market, but we continue to see signs of improvement.  This can only be good for the markets.

Leave a Comment

Previous post:

Next post: