Business

Aug 19, 2013 6:32 AM by Lacey Steele

Some good news out this morning for the housing market

The housing market appears to be in recovery mode.

A new report finds median home prices have bottomed out and are now rising in 100 major metropolitan areas across the U.S.

A RealtyTrac spokesman says home prices have been consistently rising over the last 18 months, and foreclosures have fallen closer to levels last seen before the housing bubble burst.

It is an uneven recovery, however, due to a higher percentage of underwater borrowers and distressed sales.

 

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