What cities recovered best from the housing bust? Realtor.com recently did an analysis of the biggest 150 metros from across the country, factored in their highest pre-recession home-price heights, their lowest lows of the crash and determined which ones rebounded the best through 2016. They looked at home prices, the amount of new home construction, foreclosure and unemployment rates and the household income of local residents. Interestingly, they excluded markets that didn’t experience much hardship. They found that cities who achieved some of the speediest and most definitive recoveries were knowledge hubs and those that have done a good job of diversifying their economy. Go figure?
The top 10 comeback cities are:
- San Jose, CA
- San Francisco, CA
- Portland, OR
- Grand Rapids, MI
- Provo, UT
- Colorado Springs, CO
- North Port, FL
- Charlotte, NC
- Boise, ID
- Reno, NV
Click here to read the full story on Realtor.com
