Guest blogger- Phoenix Business Journal
Phoenix and other western cities continue to lead the turnaround as the nation’s embattled real estate market gets back on its feet, according to Realtor.com.
The National Association of Realtors website lists the Phoenix area at No. 8 in the third quarter turnaround activity, booted from the No. 1 spot by Oakland, Calif. The rankings are based on year-to-year quarterly changes in median home prices, inventory, age of inventory and unemployment rates.
Ranking No. 2 through No. 7 on the list were Sacramento, Calif., San Jose, Calif., San Francisco, Seattle, Bakersfield, Calif., Santa Barbara, Calif.
Also: Bank of America hit with $1B mortgage fraud lawsuit/Phoenix Business Journal