Wednesday, April 24, 2013

Housing Recovery Now 56% Back to Normal

Trulia's latest gages of the housing market are all showing encouraging signs of a steady recovery. Averaging these three back-to-normal percentages together — construction starts, existing home sales and the delinquency-plus-foreclosure rate — the housing market is now 56% of the way back to normal, up from 54% in February and 43% six months ago in September, writes Trulia in a blog post.

One year ago, the market was only 33% back to normal – so the last year has been a significant recovery, says Jed Kolko, chief economist at Trulia.

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