Friday, March 26, 2010

Listed below are 5 cities poised to have bounced back from the current recession. The criteria for recovery was affordability, low rate of foreclosures, home price appreciation (according to the National Association of Realtors), and a strong job market and low unemployment.

#5 Charleston, WV
Foreclosures: 1 in every 3,784 Homes
Unemployment: 7.4%
Median Home Price: $123,000
Median Home Prices Down from 2008: 1.2%

#4 Memphis, TN
Foreclosures: 1 in every 397 Homes
Unemployment: 10%
Median Home Price: $121,000
Median Home Prices Up from 2008: 20.6%

#3 Phoenix, AZ
Foreclosures: 1 in every 150 Homes
Unemployment: 8.2%
Median Home Price: $144,000
Median Home Prices Down from 2008: 7.7%

#2 Pittsburgh, PA
Foreclosures: 1 in every 1,147 Homes
Unemployment: 7.8%
Median Home Price: $114,000
Median Home Prices Up from 2008: 4.8%

#1 San Francisco, CA
Foreclosures: 1 in every 743 Homes
Unemployment: 8.2%
Median Home Price: $550,000
Median Home Prices Up from 2008: 13.3%

No comments: