The housing market is now 61% of the way back to normal – a big jump from 35% one year ago. That’s the first time Trulia’s Housing Barometer has crossed 60%. The recovery has reached full-fledged teenager status, with awkward, sudden growth spurts and parents – the Fed – who now threaten to take away its allowance by winding down measures that pushed mortgage rates down to historic lows, writes Trulia.

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