Several housing markets hit by the foreclosure wave are beginning to show signs of a turnaround with prices appreciating and home inventory levels starting to decline, Move Inc. said in its Top Turnaround Town report Wednesday.
The top turnaround towns include the Phoenix-Mesa area in Arizona, as well as Miami and the Orlando, Fla. markets.
In Phoenix-Mesa, the year-over-year home price appreciation grew 26.94%, while inventory levels declined 48.04%.
Read More: Foreclosure hotspots show signs of housing turnaround | HousingWire.
Travis Saxton is the marketing and technology manager at REAL Trends. Prior to operating this arm for REAL Trends, Travis was the director of online services for a newspaper consulting company. He greatly enjoys working with real estate companies adapt new cutting edge strategies and perfecting their online presence and systems. He has experience in the following areas: Websites, SEO/SEM, CRM/Lead Generation Systems, Traditional Marketing and Social Media Marketing, Real Estate Technology Consulting.