In a ranking of the nation’s top 10 “turnaround” housing markets, Realtor.com looked at median home prices, days on market and supply of homes for sale across the country to determine which markets are recovering fastest. Local economic factors are finally beginning to play a bigger role in housing again, as they had historically. Technology growth is driving housing not just in Silicon Valley, but in other markets where these companies are moving in and bringing jobs with them. “We’re not out of the woods yet, but these are encouraging signs for a return to a healthier housing market in the U.S.,” noted Mark Fleming, chief economist for CoreLogic. Among the top 10 turnaround markets: Reno, Ft. Lauderdale, Dallas, West Palm Beach-Boca Raton, Boston and Las Vegas. [Read this article]
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