This Week in Real Estate: Case-Shiller, Construction and the CFPB Tango

by Chicago Agent

What were the results of the latest Case-Shiller? How did construction spending pan out in 2011? And what sector of housing is the Consumer Financial Protection Bureau (CFPB) not involved in? We take a look at this week’s real estate news, Jan. 30 to Feb. 3, by the numbers:

1.3 – the percentage that home prices fell in the Case-Shiller from October to November. 18 of the index’s 20 cities posted declines, and if the CoreLogic HPI is any indicator, prices may fall even further.

38 – the percentage of complaints that foreclosure grievances make up in the CFPB’s complaint inbox from consumers. In addition, we also reported on the CFPB’s efforts to reign in appraisal excess and define standards for qualified mortgages, an issue featured in our most recent Chicago Agent print magazine.

816.4 – the amount of money, in billions, for December 2011 annual construction, which is 1.5 percent above November and 4.3 percent above December 2010.

40 – the amount of money, in billions, that the Treasury Department is planning to use from the Home Affordable Modification Program fund to finance principal reductions on mortgages; after months of gridlock with the FHFA, the Treasury is bypassing the agency altogether.

66the current homeownership rate, in percentages, according to the latest Census Bureau report on housing and vacancies; though widely used, some analysts have questioned the rating’s metrics.

3.5 – the number of homeowners, in the millions, that President Obama says will be aided by his new refinancing plan. Though it has received some support, the plan may not survive Congress.

Read More Related to This Post

Join the conversation

New Subscribe

  • This field is for validation purposes and should be left unchanged.