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More Signs of a Real Estate Turnaround

By
Real Estate Broker/Owner with RE/MAX Property Specialists RS294217 / RM423788

 

MSNBC said:


Housing confidence is up increasing evidence that the market is turning around.

The Adversity Index from MSNBC.com and Moody's Economy.com reported signs of a turnaround in 33 of the nation's metro areas.

While that's less than 10 percent of metro areas, it still sounds significant.

Vallejo, Calif., housing is up 440 percent compared from a year ago, which leads the list of improving areas Also in Longview, Tex., housing increased 263 percent. Others areas at the top  are Lawrence, Kan.; Ann Arbor, Mich.; Kokomo, Ind.; and Clarksville, Tenn.

Housing prices increased in 140 metro areas compared to a year ago. The biggest increase was in Elmira, N.Y., where prices were up 10 percent compared to a year ago.

 


 

 Keller Williams Real Estate

 

Keller Williams Real Estate
601 Bethlehem Pike
Building B, Suite 100
Montgomeryville, PA 18936
Main Office: 215-631-1900
Direct: 215-850-9640 · Contact Form

Resort and Second Property Specialist Realtors in Chester County, Pennsylvania

 

 

 

Comments (2)

Mark Watterson
Salt Lake City, UT
Utah Real Estate

A housing turn around is what we need..  We are not seeing it yet our market.  We do appear to be in bottoming cycle and I hope we don't have another leg down.

Jun 29, 2009 12:05 AM
Rick Cordisco
Pocono Mountain Lakes Realty - Lake Harmony, PA
Pocono Real Estate Professional

I wouldn't believe all the hype just yet, especially from a station like MSNBC. Their job is to fool you into thinking one thing even if it isn't so. Just look what they did for the presidential election!

Jun 29, 2009 12:48 AM