Yes, the Housing Recovery Is Real

IRVINE, CA-The housing recovery is no myth, according to locally based RealtyTrac and a group of real estate brokers who gathered for the data source’s roundtable webinar, “The Recovery of the Housing Market: Fact or Fiction?” last Friday. The brokers, who hail from Utah, Nevada, Oklahoma, New York and Southern California, affirm that in each of their markets home prices are rising, demand is high and inventory is low, signifying a recovery in full swing.

Moderator Daren Blomquist, VP of RealtyTrac, led off by summarizing the firm’s most recent findings about the housing recovery. “The market is attracting a high percentage of cash purchases,” said Blomquist. “Every single market across the US has an increase in home prices, but there are different paces of that.”