Detroit leads U.S. real estate recovery: Turnaround Towns Report

30 Oct 2013

Detroit, Reno, and Santa Barbara, Calif. lead the real estate recovery in the U.S.  Median list prices overall this past quarter rose 7.6 percent year-over-year, while inventory dropped 3.3 percent. In Detroit, inventory fell nearly 25 percent, however, and in Reno nearly 20 percent.  Santa Barbara had approximately 15 percent fewer homes for sale.

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Sharon Hill

Sharon Hill has been a senior writer / analyst with the AIM Group since 2004, except for a two-year time-out to serve as sales and marketing manager for Suburban Newspapers of America. She worked at newspapers in California, the Carolinas and Indiana as a classified advertising sales supervisor and manager, and in newspaper circulation in Alaska. At the SNA, she was responsible for bringing in new members; lining up exhibitors, and helping develop programs for the classified conference and the classified alliance. She is also co-author of “Implementing and Managing Telework: A Guide for those who make it Happen” (Praeger Press) and a prolific blogger and social media user. She is based in Phoenix.