Just had my home reappraised for a refinance. Value has dropped significantly. I highly doubt that there is a ‘resurgence’ in housing at this point. If sales are up at all its likely because people are desperate to sell and affordability has increased significantly. Also, with a flat economy interest rates have plummeted even further, so it’s a good time for anyone with the cash to buy. None of that means the economy is rebounding.
No, but clearing of inventory is a good step to restoring stability to the housing market.
What is seen is an increase in new smaller 'affordable' homes.