HousingWire informs MHProNews, according to the Obama Administration’s January housing scorecard, many signs point to a recovering housing market but all danger signs have not disappeared. The number of underwater borrowers has fallen from 10.78 million in the previous quarter to 10.67 million in Jan.; and existing homes for sale dropped from 415.8 million in Dec. 2012 to 411.7 million in Jan., which should spur prices to rise. The inventory of existing homes for sale has fallen from 5.3 months supply in Nov. 2012 to January’s 4.4 months supply.

(Photo credit: Paul Sakuma/Associated Press)