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Move My Realty - Real Estate News
Recent study shows that 1 in 6 housing markets are back to normal
February 11th, 2014 11:20 AM by Ron Mastrodonato
More housing markets are returning to their pre-recession levels, according to the National Association of Home Builders/First American Title Insurance Leading Markets Index. Fifty-eight metros out of more than 350 evaluated made the list of leading markets, which indicates they have returned to or are exceeding their normal levels of economic and housing activity.
The Leading Markets Index reflects housing data on permits for home construction, home prices, and employment over the last 12 months of more than 350 metros. The metro scoring the highest on the list was Baton Rouge, La., which is performing 41 percent above its last normal market level.
Other major metros topping the list include: Honolulu; Oklahoma City; Austin; Houston; Harrisburg, Pa.; and Pittsburgh. These metro area scores indicate their market activity is now exceeding previous normal.
Read the full article at Realtor.com
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Posted by Ron Mastrodonato on February 11th, 2014 11:20 AM
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