Miami/Ft. Lauderdale Best Area For A Housing Recovery?

August 14, 2009

Forbes recently took a look at 161 of the country’s largest metropolitan statistical areas as defined by the U.S. Office of Management and Budget (OMB) where sales activity had picked up over the last year, but where foreclosure sales, as a percentage of overall sales are low. The data came from Zillow.com. The list does not pretend to call the turnaround, but rather point out which cities are in the lead on the road to recovery. The Miami-Ft. Lauderdale, FL MSA was ranked #1 in the report. Sales in the Miami area are up 27% over last year and only 3.5% of those are the result of foreclosure resales.

 The magazine considers these markets as on the road to recovery.

miami-photo

1. Miami-Ft. Lauderdale, Fla.
2. Lincoln, Neb.
3. Colorado Springs, Colo.
4. Salem, Ore.
5. San Luis Obispo, Calif.
6. Bremerton, Wash.
7. Denver, Colo.
8. Redding, Calif.
9. Santa Barbara, Calif.
10. San Jose, Calif.

To read the entire article go to: http://www.forbes.com/2009/08/13/recovery-cities-homes-lifestyle-real-estate-housing-recovery-cities.html

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