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Cities In Line For a REBOUND!

I just read an update from REALTOR.org that listed a handful of cities that are poised for an economic rebound. The article said that in October 2005, the height of the boom, that the median sales price for homes in the US reached 7.3 times per capita income. Anbd that by this past May it was 5.7. They stated this was a historical norm. Now there is no doubt that this number has slowly headed south, towards a historicac low, since May 2008 which would seem to me that these locations are a lot more ready for a rebound then ever beofore. So call a REALTOR in these ciites and get set up for some referral action!

Seattle
Raleigh
Des Moines
Philadelphia
Denver
Birmingham, Ala.
Salt Lake City

Posted by Ford Craven, GREEN ECOBROKER on 11/17/2008 09:53 AM

Comments (7)

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7 Comments on Cities In Line For a REBOUND!

NOV

2008

Thanks for the info, Ford. Good data, just wish that the Chicagoland area were on that list. Perhaps I can try and get referrals from those areas for our team.

Hi Ford;

I do appreciate your input, but could you please include New York. Good Luck!!

Thanks for the update. In the greater Akron area we are hopeful that the market will begin to recover before long. We still have large inventories of foreclosed homes and our days on market is still high. While some traditional businesses are closing in our area we are seeing some increases in the service and technology industries showing some growth.

I read the article, but the problem is the next time you read the list they will have a bunch of new cities on the list.

I trylu y do wish that the list included every market everywhere! Don't get too down. Just like the last response claims that the list changes each time. Maybe your area will be on it next!

Woohoo- GO SEATTLE! Thanks for the info- I will pass this info off to my sphere right now!

Kind Regards, Nicole Weidauer

The Egerer & Weidauer Team, Keller Williams Realty North Seattle

NOV

2008

Raleigh is a great place to relocate to Ford - I'm here if know of anyone moving in this direction. Hopefully we'll stay on that list for a little while anyway!

Your Raleigh Realtors

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