Housing Data Show Woes Are Easing

by Nick Timiraos at the Wall Street Journal

The share of households delinquent on their mortgage payments has fallen to the lowest level since the end of 2008, offering signs that modest job gains are stemming further damage for now in the battered U.S. housing sector.

A report released Thursday by the Mortgage Bankers Association showed that 8% of mortgage borrowers were at least one month past due on their payments during the third quarter, down from 8.4% in the second quarter and 9.1% one year ago.

To read the full report, click here.

What is your opinion? Are things really getting better? Have you experienced something worth sharing with other local-area residents that can help?

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