Housing markets in 52 out of the approximately 350 metro areas nationwide have now returned to or exceeded their pre-recessionary levels of activity, according to the newly minted National Association of Home Builders/First American Leading Markets Index (LMI). The index's nationwide score of 0.85 indicates that, based on current permits, prices and employment data, the nationwide housing market is running at 85 percent of normal activity.Click to continue
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