The economy is growing at a tepid pace, but real estate is emerging as a bright spot in the recovery, according to the Federal Reserve's latest Beige Book.
"[Foreclosures are] making little noise in the housing market — at least on a national level," says a spokesman with RealtyTrac, which released their latest foreclosure report today.
More studies are showing the power of green on boosting sales prices.
Foreclosures continue to show signs of dropping across the country.
The national vacancy rate fell to 4.6 percent in the third quarter, which is traditionally one of the strongest quarters of the year.
Asking prices posted their largest year-over-year increase since the beginning of the housing slump, a new report shows.
More home owners are finding equity once again in their homes, according to the September Housing Scorecard from the Obama administration.
Home prices rose in August by their largest amount since July 2006, CoreLogic reports in its August Home Price Index, which includes distressed sales.
Despite recent progress, home prices still have a long way to go to return to the peaks they reached during the housing boom, the analytics firm Fiserv reports.
As inventory remains at record lows, prices of new homes jumped a record-breaking 11.2 percent in August, the U.S. Census Bureau reported Wednesday.