Towns that were once a drag on the U.S. housing market have pulled a 180 and are now “leading the nation towards a general housing recovery,” according to the Top Turnaround Town Report from Realtor.com.
The seven Florida towns, all hit the hardest by foreclosures, along with unexpected towns in Michigan, Texas, Iowa, and California are showing signs of stability and strength.
Using year-over-year comparative data, Realtor.com determined Phoenix-Mesa, Ariz.; Miami, Fla.; and Orlando, Fla., made the biggest strides, with 26.94 per cent, 24.32 per cent, and 11.54 per cent list price appreciation respectively.
Housing markets in Oakland Calif. and Dallas, Texas also saw noteworthy improvements.
Check out the chart to see just which parts of the housing market have improved.