One thing most real estate market observers do agree on is that our current market conditions are not normal or healthy. But what is a "normal" market anyway?
The first few months of 2012 have seen some pretty encouraging stats, but after years of nothing but bad news about the housing market, it can be hard to gauge what "normal" is anymore. According to new measure from real estate website Trulia, we're about a third of the way back to a normal housing market. The bad news? We've got a long way to go. Based on Trulia's calculations, the United States won't see a full housing market recovery until 2015. To find out where the U.S. is on the road to recovery, Trulia Chief Economist Jed Kolko dug into a few key monthly data points—construction starts, existing home sales, delinquency[READ MORE]