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Real estate’s top ten turnaround markets features few surprises

Top ten cities

Move, Inc. has outlined the top 10 turnaround cities for real estate market turnarounds over the last year via CNNMoney.com citing reasons varying from economy to perception and admittedly, the list has few surprises beyond a Florida city popping up.

San Diego and Washington, D.C. have for some months been the only cities tracked by Standard and Poors’ Case-Shiller home price index that have performed positively whereas all 18 others have continued to dip. Diverse economies continue to dip whereas cities relying on few industries are in decline when those industries are hard hit by the recession.

Check out the list below and see if you agree or disagree with the top ten based on Move’s data:

  1. San Diego, CA
  2. Los Angeles, CA
  3. Austin, TX
  4. Boston, MA
  5. Colorado Springs, CO
  6. Fort Myers, FL
  7. Buffalo, NY
  8. Dallas, TX
  9. Philadelphia, PA
  10. Washington, D.C.

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69 Comments

69 Comments

  1. Joe Manausa

    May 23, 2011 at 11:20 am

    Tallahassee is many years away from making a list like this. It is good to see some markets improving though.

    • Lani Rosales

      May 23, 2011 at 4:25 pm

      Absolutely. But I think you're right about tallahassee.

  2. Chris

    May 23, 2011 at 4:20 pm

    Wow two cities from Texas made the list. I wonder where Arizona stacks up on the list… lol

  3. Rich Cederberg

    May 23, 2011 at 9:45 pm

    Surpised to see two CA area on the top of the list but when up is the only way you CAN go what do you expect right?

  4. Brendan

    May 23, 2011 at 11:34 pm

    In response to the last comment… a lot of CA cities & neighborhoods can't make the list either because they didn't drop to much so they can't have a huge "turnaround".

  5. MH for Movoto

    May 25, 2011 at 4:18 pm

    Sort of surprised to see Los Angeles making this list, but hey, that's great! San Diego, Austin, and DC make the most sense to me.

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