Is this the New Normal for Real Estate Financing?

Housing may be back to pre-crisis levels, but mortgage lending can’t claim the same.
There are many indicators that the housing market has at last returned to “normal.” Foreclosure filings are down to 2006 levels, according to RealtyTrac data, and home prices are showing consistent appreciation. In fact, according to the National Association of REALTORS® (NAR), the median existing-home price for all housing types was $232,500 this past April, a 6.3 percent year-over-year in