Real Estate Market

Housing recovery front runners: Phoenix, Miami, Orlando

(5/9/2012) Seven hardest-hit markets in Florida and several hard-it California markets are among the top markets leading the national housing market to recovery.

Michigan, Texas and Iowa bring to the roster unexpected newcomers exhibiting signs of stable growth, according to's first quarter 2012 "Top Turnaround Town Report," released today.'s turnaround town list is based on data including:

• For sale inventory counts, the speed at which inventory is moving and median list price appreciation.

• Unemployment rates and foreclosure levels.

• Local trends in business, tourism and entertainment.

"We continue to see signs of stabilization and recovery on the local level throughout the country, basing analysis on the real-time nature and accuracy of the data," said Steve Berkowitz, CEO of's operator, Move, Inc.

"By all indications, the 2012 housing market is unfolding as we expected, and we're encouraged with the progress local markets are making. However, much will depend on the continued health of our economy, specifically job rates, and how lenders will release their foreclosure inventories now that the 49-state AG Agreement (National Mortgage Settlement) has been signed," Berkowitz added.

Top turnaround towns

Which towns lead the pack?

At No. 1, the Phoenix, AZ metro with a 7.8 percent unemployment rate enjoyed year over year median list price (MLP) appreciation at a whopping 27 percent, thanks to a growing economy and an inventory of homes for sale slashed nearly 50 percent in the last year.

Miami, FL, at No. 2, enjoyed a more than 24 percent rate of MLP appreciation as its inventory also dropped by more than 48 percent. Investors, many of them closing all-cash deals are flocking here like Snow Birds. Miami home values plummeted 50 percent during the down turn.

Another Florida town, Orlando, followed with an 11.54 percent MLP appreciation upturn. This vacation playland is also a destination for investors.

Rounding out the top ten ranked markets and their rate of MLP appreciation were Boise City, ID, up 17.53 percent; Naples, FL, 14.34 percent; Oakland, CA, 7.07 percent; Fort Myers-Cape Coral, FL, 18.27 percent; Lakeland-Winter Haven, FL, 12.95 percent; Sarasota-Bradenton, FL, 12.56 percent and Tampa-St. Petersburg-Clearwater, FL, 11.92 percent. said notables, along with Oakland, CA included Silicon Valley's San Jose, CA (No. 24) where MLP appreciation was up 6.67 percent, banking on a resurging technology industry and a new round of initial pubic stock offerings (IPOs), including Facebook. Also, Bakersfield came in at No. 16 with a 4.57 percent rate of appreciation.

Buying a home is impossible without a stable job and lowered unemployment rates boosted No. 12, Dallas, TX and No. 18, Forth Worth-Arlington, TX, both with unemployment rates of 7.1 percent.

Even lower unemployment rates were found in No. 21, Iowa City, IA (4.2 percent); No. 13, Washington, D.C. (5.8 percent) and No. 20, Minneapolis-St. Paul, MN-WI (6.2 percent).


Refinance at Today's Low Rates!


Follow the links to continue reading the related articles

Zillow forecasts market bottom in fourth quarter 2012

Sen. Boxer harping heavy on HARP 3.0

Infographic: 2012 shaping up as good time to buy

Home sellers lower prices to compete, bidding wars ensue, recovery heats up

Growth in purchase loan originations, closings signal growing strength in housing

Housing's upbeat swing into spring

More renters becoming first time home-buyers, but most 'boomerang' back to parents


Fannie Mae & Jumbo Mortgage Rates

Just One Click! = Current Rate Chart

Pennsylvania Mortgage Rates Current Mortgage Rates - Hawaii Current Mortgage Rates - Alaska West Virginia Mortgage Rates Virginia Mortgage Rates District of Columbia Mortgage Rates Maryland Mortgage Rates Delaware Mortgage Rates New Jersey Mortgage Rates Connecticut Mortgage Rates Rhode Island Mortgage Rates Massachusetts Mortgage Rates New Hampshire Mortgage Rates Vermont Mortgage Rates New Hampshire Mortgage Rates Maine Current Mortgage Rates Vermont Mortgage Rates Current Mortgage Rates - New York Current Mortgage Rates - Michigan Current Interest Rates - Wisconsin Current Mortgage Rates - MINNESOTA Ohio Mortgage Rates Current Mortgage Rates - Kentucky Current Mortgage Rates - Indiana Illinois - Current Mortgage Rates Current Mortgage Rates - Iowa Missouri Mortgage Rates Current Mortgage Rates - North Carolina South Carolina Mortgage Rates Current Mortgage Rates - Florida Current Mortgage Rates - Georgia Current Mortgage Rates - Tennessee Current Mortgage Rates - Alabama Current Mortgage Rates - Mississippi Current Mortgage Rates - Louisiana Current Mortgage Rates - Arkansas Current Mortgage Rates - Oklahoma Current Mortgage Rates - TEXAS Current Mortgage Rates - New Mexico Current Mortgage Rates - Arizona Current Mortgage Rates - Kansas Current Mortgage Rates - Nebraska Current Mortgage Rates - Colorado Current Mortgage Rates - Wyoming South Dakota Mortgage Rates Current Mortgage Rates - North Dakota Current Rates - Montana Idaho Current Rates Washington Mortgage Rates Current Mortgage Rates - Oregon Current Mortgage Rates - Utah Current Mortgage Rates - Nevada Current Mortgage Rates - California

Start by selecting your state

Get the Updated and Improved Mortgage Rates App from

iPad for Mortgage Rates

Real Estate Market News

Refinancing: Selecting a Loan

Moving Ahead With Your Refinance