U.S. housing market seeing genuine reduction in foreclosure

June 6, 2011

Mortgage Data Shows Signs of Continued Improvement in the U.S.springfield mo real estate Housing Market.

Good news continues to trickle in regarding the housing market. The resilient U.S. Economy continues to show signs of life. The most recent report from The Mortgage Bankers Association (MBA) shows 90-day delinquent mortgages, which are not yet in foreclosure, have dropped from 3.9 percent in the fourth quarter last year to 3.5 percent in the first quarter this year. This is their lowest level since 2009. There were also reported declines in the new foreclosure and foreclosure inventory rates. These new numbers suggest legitimate gains in the market back to normalcy. It may be too soon to say, but the recession might be over and the recovery has already kicked in. Locally, homes in Springfield and surrounding areas continue to do well in regards to value.

 

About Us: With homes in Springfield Mo, Ozark Mo, Nixa Mo and surrounding southwest Missouri areas, Murney Associates produces more real estate sales in Springfield and Southwest Missouri than any other real estate firm. Murney Associates is the largest independent real estate company in Springfield Missouri and is ranked in the Top 100 in the nation by Real Estate Magazine. We are locally owned yet nationally recognized for our award-winning real estate performance. We can facilitate a stress-free move for you and your family to any of the homes in Springfield and its surrounding areas. Murney wants to exceed your expectations, because our clients always come first!

Info:  Twila Hillme  |  417-823-2300  |  thillme@murney.com  |  www.murney.com

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