Nine Out of 10 ‘Turnaround Towns’ Located In The West

Nine Out of 10 'Turnaround Towns' Located In The West

Nine Out of 10 ‘Turnaround Towns’ Located In The West

According To NAR Study Seven Turnaround Cities Are Located In California

With the recent upswing in the real estate market comes the accompanying report about the top 10 turnaround cities. It comes as no surprise that most of the cities are located in the West.

The report comes from a recent study from the National Association of Realtors’ Realtor.com.

Right here in the Bay Area, Oakland tops the list up from the second spot in the second quarter. In this study, this marks the first time that Oakland has occupied the top spot.

Northern California cities also take the next three spots: Sacramento, San Jose, and San Francisco.

At the bottom end of the Top 10 turnaround list we find Bakersfield, California; Phoenix-Mesa, Arizona; Fresno, California.

Agents Suggest Banks May Be Holding Onto REOs

With the turnaround cities in mind, renowned non-profit goddess Sheri Powers points out a cynical correlation of the Top 10 Turnaround Cities to the recent story that Agents Suggest Banks May Be Holding onto REOs. Many people suggest that the banks continue to hold onto REOs to propping up home prices and helping the real estate market recover. With the severe downfall in Oakland prices can it be any surprise that Oakland and the others on the Top 10 list now mark a target for investors.

In her cynical thinking Powers notes, “I’m trying not to be cynical… it is after all, a capitalist market where profits are concerned. Privatize the gains, socialize the losses… you heard it here (again!)”

Go get ‘em Sheri!

Nine Out of 10 ‘Turnaround Towns’ Located In The West

Nine Out of 10 ‘Turnaround Towns’ Located In The West

Nine Out of 10 ‘Turnaround Towns’ Located In The West

Nine Out of 10 ‘Turnaround Towns’ Located In The West

Nine Out of 10 ‘Turnaround Towns’ Located In The West

Nine Out of 10 ‘Turnaround Towns’ Located In The West

Nine Out of 10 ‘Turnaround Towns’ Located In The West

Nine Out of 10 ‘Turnaround Towns’ Located In The West

Nine Out of 10 ‘Turnaround Towns’ Located In The West

Nine Out of 10 ‘Turnaround Towns’ Located In The West

Nine Out of 10 ‘Turnaround Towns’ Located In The West

Nine Out of 10 ‘Turnaround Towns’ Located In The West

Nine Out of 10 ‘Turnaround Towns’ Located In The West

Nine Out of 10 ‘Turnaround Towns’ Located In The West

Nine Out of 10 ‘Turnaround Towns’ Located In The West

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1 Comment

Filed under Banks, California, San Francisco, San Jose

One response to “Nine Out of 10 ‘Turnaround Towns’ Located In The West

  1. Pingback: $20,000 Down Payment Assistance Program For East Bay Buyers | Resource Blog

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