BrokerageIndustry News

Phoenix tops list of 10 turnaround markets

Realtor.com stats show Florida markets bouncing back
Published on May 9, 2012

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by CareyBot

It's sunny and international in Realtor.com's "Top Turnaround Towns" for the first quarter of 2012. Seven of the top 10 metros on the list are found in Florida. Seven also made the cut in a recent Inman News analysis of public records that identified the top 10 U.S. hot spots for global buyers.

Miami, Orlando and Naples -- No. 2, No. 3 and No. 5, respectively, on the Realtor.com turnaround list -- all ranked in the top 10 on the Inman News list of hot markets for global investors. Orlando, despite having lower and fresher inventory than a year ago, might be in the most precarious position of the three, having experienced 9,330 foreclosure filings (one for every 101 homes) in the first quarter.

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