Analysts from one of nation’s largest research firms, CoreLogic say that the housing market “is transitioning to more stability in sale and home prices”.
Their monthly publication suggests that the U.S. housing market has been progressing toward stabilization with the increase in mortgage modifications, foreclosure alternatives and short sales. Foreclosures have slowed from the market with homeowners utilizing these alternatives. Home values are forecast in 2012 to increase in more than 70 cities.
Property sales have also improved at almost 410,000 units in April. That’s an increase of more than 20% over a year ago and the highest since the spring of 2007.
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