This list surprised me a bit when I read it. I admit I don’t live in many of these markets but based upon what I have been reading and hearing on the news I was surprised to see LA and any city in Florida on the list. Being in the Washington DC area and reading the Case-Shiller index, I was surprised to see DC as low on this list as it is. Reading predications, including those by CNN Money, DC was one of the few cities in the US to appreciate this year and if San Diego is already doing okay, why is it at the top of the list? I was wondering what others thoughts are on this list or if they think other cities should be on it.
Top ten cities
Move, Inc. has outlined the top 10 turnaround cities for real estate market turnarounds over the last year via CNNMoney.com citing reasons varying from economy to perception and admittedly, the list has few surprises beyond a Florida city popping up.
San Diego and Washington, D.C. have for some months been the only cities tracked by Standard and Poors’ Case-Shiller home price index that have performed positively whereas all 18 others have continued to dip. Diverse economies continue to dip whereas cities relying on few industries are in decline when those industries are hard hit by the recession.
Check out the list below and see if you agree or disagree with the top ten based on Move’s data:
- San Diego, CA
- Los Angeles, CA
- Austin, TX
- Boston, MA
- Colorado Springs, CO
- Fort Myers, FL
- Buffalo, NY
- Dallas, TX
- Philadelphia, PA
- Washington, D.C.
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