Tag Archives: distressed sales

10 Markets to Watch in 2012

Real estate markets in the Midwest and the South dominate the list of the Top 10 Markets to Watch in 2012, according to a report compiled by Inman News. Only two Northeastern markets, both in New York, made the list, but no markets from the West were included. The 10 markets are: Raleigh-Cary, N.C.; Wichita, Kan.; Rochester, N.Y.; Des Moines, Iowa; Chattanooga, Tenn.; Peoria, Ill.; Amarillo, Texas; Binghampton, N.Y.; Waterloo-Cedar Falls, Iowa; and Bloomington-Normal, Ill. These markets are showing signs of improvement in several key metrics, including above-average price appreciation, a flourishing job market, a high rate of sales in proportion to population, higher home affordability, low foreclosure activity, a below-average share of distressed sales, and low vacancy rates. read more