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by CareyBot

The housing market continued to trudge towards a recovery in March, with rising construction starts and falling foreclosure and delinquency rates bringing market conditions closer to those of a balanced one, according to Trulia's Housing Barometer. The barometer summarizes three key housing market indicators -- construction starts, existing home sales, and the delinquency-plus-foreclosure rate -- looking at how current conditions compare to those recorded at the depths of the housing crisis and those recorded before the housing bubble. Trulia noted that while existing home sales dipped slightly from February to March, they were up 10 percent from a year ago. Residential construction posted a 47 percent annual gain in March, and the share of mortgages in delinquency or foreclosure fel...