Tuesday, June 14, 2011

We're Number Four! We're Number Four!

It's not wishful thinking and it's not my imagination.  The market here really is a whole lot better than it is in the rest of the country.  And it continues to improve.

A national firm providing real estate market information, Clear Capital's latest monthly Home Data Index Market Report says that the New York market is the fourth highest-performing major housing market in the country. 

The New York market comprises New York City, Long Island and northern New Jersey.

While on the national level, home prices continued to decline (but at half the previous rate), home prices in the New York area are up 1.5% over the previous quarter, and up 1.4% over last year at this point.

The Washington DC area is the highest-performing, followed by St. Louis, Missouri; Pittsburgh, Pennsylvania, and then us. 

We are followed by the Virginia Beach, Virginia area, the Miami, Florida area, and the San Jose, California, area, among the seven highest-performing markets in the country.  And after those, there’s everywhere else.

The lowest performing market, for the fifth straight month, is Detroit.


©copyright Confidence Stimpson 2011

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