Housing Recovery in Phase Three: Market 64% Back to Normal

Trulia’s Housing Barometer shows the recovery has entered a new phase as mortgage rates rise and inventory expands. While prices and existing-home sales are near normal, construction and new-home sales have a long way to go.

Trulia_Housing Barometer_Line Chart_July 2013Each month, Trulia’s Housing Barometer charts how quickly the housing market is moving back to “normal.”  We summarize three key housing market indicators: construction starts (Census), existing home sales (NAR), and the delinquency-plus-foreclosure rate (LPS First Look). For each indicator, we compare this month’s data to (1) how bad the numbers got at their worst and (2) their pre-bubble “normal” levels.

In July 2013, all three measures improved: construction starts and existing home sales rose, while the delinquency + foreclosure rate notched downward:

Interested in the raw data?  See the full article by Jed Kolko on Trulia.

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About bobbyfletcherhomes

I am a licensed Realtor in the Great State of Texas, specializing in residential sales, leasing and property management in North Dallas and northern suburbs - exciting places like Frisco, McKinney, Plano, Little Elm and Carrollton.
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