Davenport, Iowa, and Fort Collins, Colo., are among the 30 housing markets to make NAHB/First American’s Improving Markets Index, which identifies metros that have shown improvement for at least six months. See which markets made the list.
Last week, purchase demand for U.S. home mortgages improved, but applications for the mortgages remained unchanged and refinancing activity held steady.
Data from the 2010 American Community Survey indicates that single-family detached housing attracted 79.2 percent of the new households in the 51 major metropolitan areas over the past decade.
The Federal Housing Finance Agency plan to overhaul the Home Affordable Refinance Program (HARP) would mean that only 17 percent of Fannie Mae and Freddie Mac 30-year loans qualify for refinancing.
