Trulia’s Housing Barometer is a monthly analysis of key market indicators, including housing starts, existing-home sales, and the delinquency and foreclosure rates. The barometer compares current conditions with pre-bubble levels and where the numbers were at their worst to determine how quickly the market is returning to normal. According to the most recent report, the housing market is recovering slowly but steadily. Housing starts have been in the 700,000 range since November and are now 23 percent of the way back to normal levels. Existing-home sales, on the other hand, are nearly 50 percent of the way back to their normal level after increasing from 4.47 million to 4.62 million in April. Also, the gauge measuring foreclosures and delinquencies is now 37 percent back to normal, compared to just 20 percent a year ago. More here.

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