Number of ‘Improving’ Housing Markets Expands to Nearly 100

In the Improving Markets Index published monthly, First American and the National Association of Home Builders (NAHB), added 29 metros to the number of housing markets showing measurable improvement in February for a total of 98 markets represented in thirty-six states.

The index tracks those housing markets that are showing signs of improvement for at least six consecutive months in overall economic health, based on growth in employment, home price appreciation, and increases in single-family housing permits.  Kurt Pfotenhauer, vice chairman of First American Title Insurance Company, said this shows that the momentum is building for a housing recovery and that more buyers and sellers are starting to feel confident enough to return to the market.

Napa, California is among the 29 metros added to the index in February.  A complete list of all 98 metropolitan areas currently on the Improving Markets Index is available at: NAHB.org/imi.

Seven markets dropped from the Improving Markets Index in February as they experienced softening house prices. San Jose, California is one of them.

Full article here.

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About lilynyland

Former Realtor at Coldwell Banker George Realty in Alhambra, California. Graduate Realtor Institute (GRI), Accredited Distress Property Specialist (ADPS), Short Sale & Foreclosure Resource (SFR).
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