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Top Performing Housing Markets 2011

Some housing markets are starting to show light at the end of the tunnel – and for once, that light does not appear to be a freight train heading straight for them. Hello, my name is Stephen Garner. I am a former title rep for a national title insurance company in Phoenix Arizona. I spent 10 years in the title industry working closely with some of the best real estate professionals, helping them grow their business. What are the top housing markets in 2011?

Turn on the news, read a paper [if you still do that kind of thing] listen to talk radio and you are bound to hear something about real estate. 9 out of 10 times it will be negative. I guess that is just the way the media works, then again, no one really buys good news anymore right? With all the negativity surrounding the real estate industry, all this talk about short sales and REO and strategic default,  it’s nice to see some markets around the country rebounding and actually – get this – showing some signs of stability!

According to the latest monthly home data index marketing report data provided by Clear Capital, bank owned or REO saturation rates in some markets are improving, leading to more signs of stability.

“The latest market report results through May suggest that home prices are starting to ease back from the heavy declines seen over the winter,” says Alex Villacorta, director of research and analytics at Clear Capital. “We are still far away from the strong demand needed to fully turn things around for the housing market. However, it is clear from the initial spring sales data that prices are softening, suggesting stabilization in the market.”


Top Performing Housing Markets: (according to Clear Capital’s Index Reports)

 

Top Performing Housing Markets 2011


The uncertainty in the housing market has caused many to wait it out by renting a home instead of buying. So what does this data mean? As with any data it is open to interpretation. Speaking of only our housing market here in Phoenix, it would make sense that REO rates would have to significantly decline before we could show significant signs of our market improving [unfortunately, it looks like we have a ways to go]. Bank owned properties [REO] are known to drag down property values and keep them down.

Owning your own home IS a staple of the American Dream, a dream millions of people look forward to. The decision to buy a home can be a hard one. Phoenix is a great place to call home. So, should you buy or rent a home in Phoenix?

Source: “Clear Capital Reports Quarterly Home Price Decline Slows; Signs of Market Stability as Summer Approaches,” Clear Capital (June 9, 2011)
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Stephen

Hi I'm Stephen Garner, I'm just a guy in the title industry {in Phoenix} trying to change how real estate agents market themselves and their services. To that end, I teach my clients HOW TO leverage sales technologies like WordPress, Content, Video, Camtasia, Final Cut X, iMovie and indexable IDX solutions to convey value and help your ideal client find you online when they are most interested in learning about you and your services. I work for escrows. Hire me!

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