Housing Recovery Gains out West

OriginationNews says in the first quarter 2012 seven Florida housing markets were on Realtor.com‘s housing recovery list, but only one market in California was included. In the second quarter, six CA markets placed on the top ten list. In addition, Seattle, Phoenix, Boise City and Minneapolis were among the top 25 turnaround cities. Realtor rankings are based on year-over-year median price appreciation, inventory reductions, time and changes in inventory, and employment rates. For the second month in a row, Phoenix led the top ten list where the median list price rose 29.7% year-over-year. As MHProNews has learned, Arizona was among the top states in terms of foreclosures.

(Photo credit: Phoenix Homes)

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