5 Strong Performing Housing Markets
Copied from Daily Real Estate News | Tuesday, September 11, 2012 National Association of Realtors Magazine
Several real estate markets are showing signs of recovery, with median home prices and sales rising. But which markets are showing some of the strongest signs of recovery?
24/7 Wall St. recently evaluated home price changes for the year ending in July, foreclosure data, the unemployment rate, and other factors to help determine which housing markets are performing some of the strongest. Check out which state is 5!
The data on Arizona actually surprises me because it seems like not that long ago they had double digit declines in home values, now they are in double digit gains again. Weird. I’m so ready for just a normal market but with all the government intervention, I don’t know that we’ll ever see normal again. What is normal?
The states that emerged on top of the list are:
Home price change in the last year: +10%
Median home price: $85,000
Home price change in the last year: +9.3%
Median home price: $129,000
Home price change in the last year: +7.3%
Median home price: $240,000