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July 23, 2014

12 Turnaround Housing Markets

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12 Turnaround Housing Markets

Kiplinger Personal Finance recently singled out 12 metro areas’ housing markets as faring the best in 2012. Kiplinger attributed strengthening economies, below-average unemployment rates, and increasing buyer confidence as turning these metros into seller’s markets. 

The 12 metros are:

  • Phoenix
  • Provo, Utah
  • Cape Coral-Ft. Myers, Fla.
  • Minneapolis
  • Akron, Ohio
  • Youngstown, Ohio
  • Seattle, Wash.
  • Salt Lake City, Utah
  • Boise, Idaho
  • San Jose, Calif.
  • Washington, D.C.
  • Tucson, Ariz. 

“I was really surprised to see some of the cities that ended up on the list,” says Pat Esswein, associate editor for Kiplinger’s Personal Finance Magazine. “Provo, Utah, and Salt Lake City surprised me, but these are cities that had very little boom or bust. They plugged along, their economies are growing and their populations are rising. They also have relatively low rates of unemployment.” 

Source: “Rising Home Prices: Coming Soon to Your Town?” RISMedia (June 17, 2013)

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