CNNMoney tells MHProNews evidence strongly suggests the real estate nightmare is coming to an end, as, according to data provider CoreLogic, home prices over the past year rose in 92 of the 100 largest real estate markets. Sales volume increased in 69 of the top 100 markets and 35 showed double-digit gains. Mark Fleming, CoreLogic’s chief economist, says the market is still healing, and these next two years will be transition years. The median time for a home on the market has fallen in the last year from 99 days to 71 days, and in some markets bidding wars have returned. Real estate broker Redfin says 73 percent of the offers their clients made were up against rival bidders in Jan. and Feb. this year, versus 56 percent 1.5 years ago. Some markets experiencing a surge in sales are investor driven, and may fall back.
