Several housing markets hit by the foreclosure wave are beginning to show signs of a turnaround with prices appreciating and home inventory levels starting to decline, Move Inc. said in its Top Turnaround Town report Wednesday.
The top turnaround towns include the Phoenix-Mesa area in Arizona, as well as the Miami and the Orlando, Fla., markets.
In Phoenix-Mesa, the year-over-year home price appreciation grew 26.94%, while inventory levels declined 48.04%.
