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 25+ years in the industry, Mark has gained experience in....

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