10 cities with huge housing improvement

Quarter-over-quarter asking prices paint new housing picture

Since the initial bust of the housing market, it tends to be the metros that felt a huge dent from the crisis that witness the biggest home price increases. But this trend is starting to change.   

While year-over-year this trend still rings true, when looking at quarter-over-quarter changes, homes prices are starting to shake off the effect of the housing bust, Trulia said.  

According to Trulia, among the 10 metros with the biggest quarter-over-quarter price increases in February, four were not part of the severe housing bust: Cleveland, Ohio, Birmingham, Ala., San Francisco, Calif. and Akron, Ohio. 

Investors are scooping up fewer houses in 2014, and the biggest price gains will more often be in markets that did not see a large housing bust.

Here are the top 10 cities with the biggest quarter-over-quarter asking price increases in February 2014:

California

10. Riverside-San Bernardino, Calif.: Located just east of Los Angles, this area boasts a 4.8% quarter-over quarter asking price and a -50% price drop during bust, peak to trough.

9. Akron, Ohio.: Just making it on the list for one of the areas that was not significantly affected by the housing bust, Akron reported a 5% quarter-over-quarter asking price change and a -16% price drop during bust.

8. Orlando, Fla.: Home of the famous Disneyworld, Orlando now also adds its name to this list, with a 5% quarter-over-quarter asking price change and -48% price drop during bust. 

California houses

7. San Francisco, Calif.: In addition to hosting the iconic Golden Gate Bridge, this city recorded a 5.2% quarter-over-quarter asking price change and a -23% price drop during bust.

6. Oakland, Calif.: Just across the bay from San Francisco, Oakland posted a 5.6% quarter-over-quarter asking price change and a -39% price drop during bust.

5. Lakeland-Winter Haven, Fla.: Lakeland falls right between Orlando and Tampa, Fla., recording a 5.7% quarter-over-quarter asking price change and -46% price drop during bust. 

Vegas

4. Las Vegas, Nev.: This nightlife-rich city posted a 5.7% quarter-over quarter asking price change and a -61% price drop during bust.

3. North Port-Bradenton-Sarasota, Fla.: Nudging into the third top spot, this Florida city reported a 6% quarter-over-quarter asking price change and a -50% price drop.

2. Birmingham, Ala.: Birmingham, along with top-seeded Cleveland, is one of the cities in the top ten that did not experience a huge drop in home prices during the financial crisis. This city in the south recorded a 6.4% quarter-over-quarter asking price and a -12% price drop.

1. Cleveland, Ohio: Ranking number one, Cleveland posted a 6.5% quarter-over-quarter asking price change and a -18% price drop during the bust. 

Most Popular Articles

Latest Articles

2024 is not the year to cut corners on staging — here’s why 

With home prices reaching unprecedented heights and interest rates soaring, the discerning nature of today’s buyers requires all agents to employ every possible advantage. Simply put, cutting corners on staging is a risky move that risks prolonged market presence.

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please