The Real Estate Market is 32% of the Way Back to Normal Levels

There's a lot of information out there regarding the real estate situation in America, as people try to figure out what their next step is. There's mixed messages at times regarding the recovery, some are saying we're doing better with more home sales and higher sales prices, while others are not quite so convinced. The local Jacksonville moving specialists found out that Trulia states that the market is 32% of the way back to normal. This data seems to be better than June 2011 when the market was said to be only about 22% on its way back. What Trulia means by on its way back to normal it means to pre-bubble levels, before the housing bubble burst. The All My Sons of Jacksonville learned Trulia took a close look at housing construction, existing home sales and the delinquency or foreclosure rate. In June of 2012, housing construction was up by 24%, making it 28% of the way back to normal. Existing home sales dropped during these past few months, and were at 49% of pre-bubble levels in May and 35% of pre-bubble levels. Delinquent mortgages and foreclosures increased in June to 11.23% from 11.08% in May, placing the rate at 34% of the way back to normal levels. The last time Trulia measured the overall real estate market in April, it was at 37% of the way back to pre-bubble levels compared to todays 32%.


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