The nation’s housing market continues to show a promising turnaround. Home prices rose by more than 5% between the second quarter of 2012 and the second quarter of 2013. Homes also are selling faster, and the number of homes on the market is down by more than 10%. Realtor.com has just released its Turnaround Towns Report on the nation’s housing markets that are leading this recovery. 24/7 Wall St. reviewed Realtor.com’s list of the 10 housing markets that had the biggest increases in home prices, accompanied by the largest declines in the median inventory age and total inventory between the second quarters of 2012 and 2013. According to this article, America’s hottest housing markets include Orange County, Seattle, Los Angeles, Portland, San Diego and Reno. [Read this article]
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