According to RealtyTrac’s recent report, over the last year the housing market went into recovery mode as foreclosures fell and home prices continued to increase. Approximately 75 large metropolitan areas reported over 100 on the housing recovery index which suggests the housing market is on the right track. Experts say the housing market is in a state of recovery, but it still has miles to travel in many locations. Daren Blomquist, RealtyTrac vice president said, “this lingering distress is creating an uneven pace of recovery across different local markets.” More here

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