Why is Miami Ranked Among Weakest Markets?
Rates BHA hot summer of home buying helped boost market conditions across many parts of the country, but in August, large amounts of REO inventory still hinder bottom ranked markets from realizing further recovery.
Pro Teck Valuation Services Home Value Forecast for August reports that 76 percent of Core-Based Statistical Areas (CBSAs) tracked were classified as being “normal” or above. This is a 6 percent improvement from July’s 70 percent. Pro Teck adds that included in this positive trend, is the fact that for August only 1.4 percent of CBSAs tracked were ranked “weak” or “distressed”. Read Full Article
[Source: www.dsnews.com]
