Realtor.com has released its research into the top 'turn around towns' in America – areas which are beginning to show signs of recovery and are slowly leading the nation towards a more general housing recovery.
Based on comparative data from the first quarters of 2012 and 2011 the area showing the most growth in the USA was Mesa in Arizona where median list prices are up 26.94% in the first quarter of 2012 compared with the same time in 2011. This was followed by Miami and Orlando in Florida where list prices have risen by 24.32% and 11.54% respectively.
“We continue to see signs of stabilisation and recovery on the local level throughout the country, basing analysis on the real-time nature and accuracy of the Realtor.com data,” commented Steve Berkowitz, CEO of Realtor.com
“By all indications, the 2012 housing market is unfolding as we expected, and we're encouraged with the progress local markets are making. However, much will depend on the continued health of our economy, specifically job rates, and how lenders will release their foreclosure inventories. All of these key factors will determine how quickly our local housing markets recover and remain healthy.” he added.
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