Trulia's Housing Barometer has been tracking the housing market's recovery since February 2012.

The Barometer measures how quickly the market has been returning to normal by comparing existing-home sales, prices, delinquency and foreclosure rates, new home starts, and the employment rate for 25-34 year-olds against their pre-bubble normal and their lowest reading during the housing crisis.

The most recent release shows that three of the five indicators have improved significantly over the past year and are now close to normal.

Existing-home sales, for example, are 79 percent back to normal, up from 51 percent a year earlier. Prices also have recovered dramatically from a year ago and are now 71 percent back to normal.

Among the other indicators, foreclosure and delinquency rates have recovered 59 percent, while new home starts and employment levels still have a ways to go. Overall, the recovery has been uneven but, at the current pace, non-distressed sales and home prices could reach normal levels this year, with the other indicators taking a bit longer to fully recover.

Listen up, buyers for the Taos and Angel Fire real estate market! This sounds to me like prices may eke up a bit this year. You know Taos and Angel Fire are two of the best small towns in the U.S. Buyers from all over have flocked here in recent years to buy condos, single family homes, land and vacation homes and casitas. 2014 may be just the right time to get out here and see what's available. Your piece of paradise awaits!