Home sales have risen by 13 percent; Home prices have risen marginally since January.

Home sales have risen by 13 percent in the previous six months, according to Capital Economics, while the delinquency rate saw a year-over-year 14 percent drop as of February, according to Lender Processing Services. Homebuilder optimism is measured at a five-year high, and real estate agents' optimism reportedly more than doubled in the first quarter of 2012, against the backdrop of positive market indicators.

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