Only 17 Percent Of Metros Have Recovered From The Housing Crash

Dated: April 11 2014

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Only about 17% of the 350 metro markets in America have seen a return to or growth beyond their last normal levels of housing activity, according to the National Association of Home Builders/First American Leading Markets Index.

Exactly 59 metros can be said to have fully recovered. This represents a net gain of 11 metros year over year.

Notably, a large number of the most recovered metros are in and around renewed petroleum activity – places in West Texas and North Dakota.
The index’s nationwide score ticked up to .88 from a March reading of .87. This means that based on current permit, price and employment data, the nationwide average is running at 88% of normal economic and housing activity.

For single-family permits and home prices, 2000-2003 is used as the last normal period, and for employment, 2007 is the base comparison. Read More Here...
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Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 30 years in the industry, Mark has gained experience in ....

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