Moonbeam magic?
Nope. Gov. Moonbeam is a utopian socialist moron, but no this isn’t his fault.
Arnold had foreclosure moratoriums and I think those are now all expired, so the backlog of foreclosures are now being serviced. I had a foreclosure across the street from me. It sold 2 months ago and the new owners have pulled out the stops to beautify it.
If you hold the numbers down artificially, then when you release the hold, you are going to see an increase above the mean.
It looks like we still have several years of foreclosures and so we won’t see a real housing recovery until then.