The Joint Center for Housing Studies at Harvard University released its "State of the Nation’s Housing" report today.
The report shows home sales and housing starts nationwide staged an uneven comeback starting in early 2009. Improved affordability for first-time buyers and government intervention helped spark a turnaround and drove all of the increase in existing home sales last year, but record foreclosures continue to pressure markets and homeowners.
Despite positive signs early in the 2010 spring buying season, housing continues to face significant challenges.