10 Cities Leading the Market Recovery

Here’s more evidence that housing is turning around. Forbes magazine identified 161 of the country’s largest metro areas where sales activity has increased compared to 2008, and where foreclosure sales as a percentage of total sales, are low.

The magazine considers these markets as on the road to recovery.
1. Miami-Ft. Lauderdale, Fla.
2. Lincoln, Neb.
3. Colorado Springs, Colo.
4. Salem, Ore.
5. San Luis Obispo, Calif.
6. Bremerton, Wash.
7. Denver, Colo.
8. Redding, Calif.
9. Santa Barbara, Calif.
10. San Jose, Calif.

Source: Forbes, Matt Woolsey (08/13/2009)

Truckee or Tahoe didn’t make this list, BUT there are some very positive signs including 208 pending transactions as of today in the Tahoe Sierra MLS, up from the low to mid 100′s for the past couple months. It seems as though buyers are making moves on the value properties in the market.

For more market information or to schedule property showings please contact me anytime.
Jamie Schou
Direct – 530.798.1393
jschou@kw.com