Housing is about 75% back to normal: Report

The U.S. housing market continues to improve, but it’s not quite there yet.

In fact, it’s about three-quarters of the way back to, “normal.” That is the conclusion of a new report from Trulia, a real estate sales and analytics company. The dispatch weighs existing home sales and prices, new construction, mortgage delinquencies and the millennial employment rate.

Existing homes, both sales and prices, appear to be leading the overall recovery. Trulia gauges that they are both 82 percent back to normal levels, compared with a year ago, when they were just 73 and 66 percent recovered, respectively. More here

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