Day 9:41 am

  • Turnaround Housing Markets

    More data is coming out about the conditions of the housing markets in the United States.  Business Insider is the latest, offering its list of the Top 10 Turnaround Housing Markets based on the increase in price between late 2011 and the end of 2012 for a median priced home.  The percentage beside the city represents that change.

    1. Las Vegas   27.5%
    2. Seattle   24.0%
    3. Phoenix   21.8%
    4. Oakland   21.0%
    5. San Jose   20.8%
    6. Salt Lake City   20.5%
    7. Atlanta   18.9%
    8. Sacramento   17.9%
    9. Fresno   17.7%
    10. Tacoma   17.7%

    What’s not determined is what is behind the price escalation.  Is it a function of demand outpacing supply?  Is it the impact of excessive regulation?  More to come.

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