Realtor.com has outlined the top 10 turnaround cities for real estate market rebounds. The report cites reasons varying from economy to perception and admittedly, had few surprises beyond a Florida market making the Top 5. The list includes markets where researchers found property values to be stabilizing, buyer traffic picking up, and where prices will likely appreciate soon.
Top five “turnaround towns:”
- Buffalo-Niagara Falls, N.Y. – List prices are increasing, and days on the market for inventory is shrinking (87 days, which is nearly half the national average).
- Los Angeles-Long Beach, CA – While housing values here have fallen 378% compared to the its 2006 housing peak, a turnaround is underway with list prices showing signs of stabilizing month-over-month and homes spending fewer days on the market. This area is also the third most searched at Realtor.com, so buyer interest appears high.
Continue Reading Top Florida Turnaround Town for Real Estate
Tags: buyers, Florida, markets, real estate
After last years ruling by the Florida Supreme Court rejecting the wording as misleading in Amendment 3 (
Gulf Coast Associates, Realtors
A review of the recently released 2010 Census data shows that Florida has had its seventh consecutive decade of double-digit population growth. In fact, new residents totaled 2.8 million from 2000 to 2010. That’s a rise of 17.6% from the last census and much better than the nation as a whole, which grew at a rate of 9.7%.
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