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.
Author Bio:
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.
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.
