Pinetop White Mountain Blog

Good Afternoon Everyone,

Is the Real Estate Market beginning to show signs of recovery?  The answer is complex but it does seem to be the case in some areas of the Country. 

I came across an article today that says that prices have begun climbing in some areas, most of them on the East Coast or in the Mid-west, but that seems to indicate that things are starting to look better for the future of Real Estate.

I have included the article for your review.  If I can answer any questions for you about the White Mountains of Arizona area, we are here for you.

Have a wonderful afternoon and happy reading.

Sandra & Bruce Paulow, Your High Country REALTORS®

Home Prices Increase in 22 Metro Areas
The 2.1 percent average rise in home prices in 22 out of 25 metropolitan statistical areas (MSAs) from April to May suggests that recovery could be at hand in many areas, says Radar Logic, a real estate data and analytics company.

"This is in stark contrast to the same period during 2008, when a decrease in the velocity of home price depreciation gave way to the worst loss in housing value in recent history," the report says.

The report calculates that in the key MSAs it studies, prices have fallen 33.5 percent peak-to-trough and 31 percent peak-to-current.

Here are the 10 metropolitan areas where prices increased the most from April to May of this year:

1. Milwaukee, Wis., 4.9 percent
2. Charlotte, 4.7 percent
3. Boston, 4.6 percent
4. Cleveland, 4 percent
5. Washington, DC, 3.7 percent
6. St. Louis, 3.3 percent
7. Columbus, Ohio, 3.2 percent
8. Seattle, 2.8 percent
9. Denver, 2.3 percent
10. Philadelphia, 1.8 percent

Source: Radar Logic (07/23/2009)