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January housing scorecard released

The Obama administration recently released its January Housing Scorecard.

The Obama administration recently released its January Housing Scorecard.

The U.S. Department of Housing and Urban Development and the Department of the Treasury recently released the January edition of the Obama Administration's Housing Scorecard.

The scorecard is an in-depth report on the nation's housing market, and the January edition revealed mixed results.

“While we should be encouraged by the positive trends on inventories and foreclosure starts, the mixed overall outlook means that we must remain diligent to improve conditions in the nation’s housing market,” said HUD Assistant Secretary Raphael Bostic. “Responsible homeowners shouldn’t have to sit and wait for the housing market to hit bottom to get some relief. Our efforts to ramp up economic development in fragile neighborhoods and to expand homeowner access to low-interest refinance options reflect our commitment to turning these markets towards growth.”

The Obama administration recently announced provisions to the Home Affordable Modification Program that would significantly broaden the pool of eligible homeowners and protect Americans who are at risk of foreclosure.

The National Association of Home Builders' chairman recently praised President Barack Obama's efforts to improve the housing market, which could make the average relocation cost more affordable.