Second quarter 2013 house prices continued to rise modestly while the number of seriously delinquent mortgages fell across the seven states that comprise the Federal Reserve's Eighth District compared with the same time last year, according to the St. Louis Fed’s latest Housing Market Conditions report.
U. S. home foreclosure filings jumped 60 percent and bank seizures more than doubled in February over the same month the year before as rates on adjustable mortgages rose and property owners were unable to sell or refinance amid falling prices.
Housing construction in Winfield has been strong in the past 10 years and is still moving at a good pace, Winfield City Manager Warren Porter said this week. Through Sept. 19, 2007, permits for 16 homes and 20 apartment units had been issued by the city this year, Porter told the Winfield Rotary Club Wednesday. A total of 40 units were constructed last year.