These Cities Are the 10 Biggest Comeback Stories in U.S. Real Estate - street light price

Everyone likes a great comeback story.
There are a lot of things to go. Rocky. Steve Jobs.
Chicago CubsJesus.
Lil Bub (Google her! ).
Perhaps the most impressive return to apologize to Jesus is where we live: the housing industry.
After all, the 2007 real estate crash is a trauma that reduces a lot of damage in the ranks of buyers, sellers and owners --
Almost everyone has been affected by the ensuing bleak recession.
Despite years of pain, the real estate market finally looks good in most parts of the United States.
Classic regression!
Rock is the theme. . .
But wait, there's a twist in the story: The Road to housing recovery in the United States is not going well.
Some cities have been rebuilt and restored.
Some people are even stronger than when they are excited.
Salad Day.
However, others continue to struggle and suffer from the troubles of banks --owned homes.
The median national house price fell to $227,000 last year, up from a market peak of $220,400 in 2005.
Compared to rock
House prices have risen by 26% in 2011.
(Adjusted for inflation, the current price has recovered about 80% of its peak.
"Nationwide, the median house price has fully recovered," said senior real estate broker economists . ". com®.
"But at the local level, some markets have not followed suit.
"So the data team of Realtors.
Com®Decided to find out where the country has recovered its best from the real estate bubble: Real comeback children!
We took the largest metropolis in the country, before their highestrecession home-
The height of the price, their lowest low-
Which rebounded best in 2016.
We measure the recovery by measuring house prices, the amount of new home construction, foreclosure and unemployment, and the household income of local residents in 2016.
(According to the definition of the federal Office of Management and Budget, the metropolitan statistical area is densely populated and consists of a geographical area consisting of the core of one or more cities, surrounded by suburban and rural communities closely related to the core.
To ensure a fair comparison, we have ruled out markets that have not experienced too many difficulties.
After all, comparing the recovery in Austin, Texas (barely a flash point) with Las Vegas (known for foreclosure) will be Apple
Or a lift.
So, we find that cities that have achieved some of the fastest and clearest recovery are knowledge centers --
Where universities, research centers and young brains are blocked, flexible, educated labor can help attract new businesses.
Over the past decade, cities that have done a good job of diversifying their economies have also been big winners in the real estate industry.
Let's go back to the future and celebrate some of the best comeback stories.
California, which is $ 57% and $835,200, has experienced years of soaring house prices, greedy speculation and go-
Crazy construction.
Prices in Silicon Valley in the north are better than those in Southern California, but prices are still down 24% from their peak, surpassing the national average of 18%.
Since 2008, the number of layoffs in the San Jose metro has been increasing, and the unemployment rate has soared from six.
In just one year (1% to 2009), it reached 11% to 2008.
It was a bad year.
But Silicon Valley is one of the first countries to get out of their economic woes, thanks to a new and even more frenzied boom in technology. High-
A profile ipo like Tesla (2010) and Facebook (2012), with the influx of venture capital, morale has risen --
New startups are emerging.
For every new software company, the city needs more engineers, more designers, more receptionists and more cleaners.
As a result, the job market is heating up faster than about 2005 of PowerBooks. In the post-
During the recession, the San Jose metro, one of the hottest real estate markets in the country, was firmly positioned.
Foreclosure is almost non-existent
Less than 1% of the homes applied last year.
The construction of new houses is also in the forefront of the country.
53% 754 dollars in San Jose house collapse expand the economic recession San Francisco subway because in foam in price unreasonable to expansion.
This is a huge bubble!
At its lowest point in 2011, house prices fell to $493,100, down 30% from their 2007 peak.
The job market collapsed as unemployment soared to nine.
In 2010, there were 9% people, slightly below the national average of 9. 6%.
Macy's canceled 1,400-
The San Francisco Chronicle's Macy's westerns are almost bankrupt and hundreds of shops and restaurants are closed.
However, young technicians try to accept the situation in a humorous way.
"Funemployment" has become a common buzzword as they take advantage of their unemployment time to travel, enjoy a long and intoxicating lunch and relax with friends.
They know that the tech industry will not disappear even if their current job has disappeared.
This optimism has prevented talent from leaving San Francisco, helping to accelerate the recovery in the tech industry. Now-
Successful companies like Uber and Pinterest were founded at the worst of times, and the ideas of startups are everywhere.
Local Twitter and Yelp sites went public in 2012, which helped accelerate growth.
These IPOs have created many new millionaires.
You live in an apartment for takeout;
"You will have money the next moment . " Chief market analyst at Paragon Real Estate Group.
"The first thing that comes to mind when people become new rich is, 'Hey, I want to have my own home', or 'I want a home.
"" 43% $335,400 after 2004-07 housing run-
Kruse Way in Portland is known as the "mortgage line" because it is packed with real estate companies and mortgage companies.
After the accident, many companies closed their stores and advertisements for cheap office space were scattered on the same street.
Signs of the Great Depression range from signs of foreclosures outside suburban homes to empty storefronts on the famous 23rd Avenue shopping street.
In 2009, there was a terrible happening in this city.
Unemployment is as high as 10. 9%.
As a deep-water port on the Columbia River, Portland's economy depends heavily on global trade.
But the accident hit these businesses hard.
Trade has been squeezed, unloading workers and warehouse workers have lost their jobs, and manufacturing has grown slowly.
The good news is that people here have never stopped moving.
Since the 1990 s, people have been attracted by the city's tolerant and alternative bicycles.
A dynamic lifestyle and outdoor activities.
The growth of the population has enabled the local economy to sustain. And then high-
Technology companies are at the forefront of economic recovery.
After the recession, young companies like Puppet Labs and Jama software grew rapidly.
Portland. xa0Local companies such as Nike and Columbia Sportswear have increased their strength, whilexa0Keep a competitive salary
In 2017, the Portland metro had the fastest subway in the country.
According to the real estate company HFF, the economy is growing.
: 30% $162,500 this manufacturing center has long touted its "Furniture City" nickname for its beautifully crafted desks and other furniture.
But when anyone needs a deskxa0The country is in deep recession. xa0Transferred overseas
Big companies like Herman Miller have announced massive job cuts, with small companies like Klingman closing the door on huge debts.
In 2009, one of the nine workers in Grand Rapids was unemployed.
But with the new emphasis on the health care industry, the city has quickly revived. The world-
The Van Andel Institute and the Cancer Research Center of the Michigan State University Brand
The new biomedical research center is in charge.
Manufacturing has expanded from furniture manufacturing to medical devices, aerospace, defense and information technology.
"When you don't put all the eggs in one, you recover faster . " Vice President of the right place to help local business grow.
House prices have been rising since 2011, up 5% a year.
At $ 38% and $285,200, Brigham Young University has largely protected Provo, located outside Salt Lake City, from catastrophic unemployment during the recession, but it cannot save the property market.
It took only two years (from 2007 to 2009) for house prices to fall by 26% from peak to trough.
The sharp decline in construction also left the real estate market lifeless.
But things are getting better soon.
As early as 2010, the crane worked in a new convention center in the city center, and then expanded the headquarters of the dietary supplement manufacturer, yunkin.
The sound of trucks and Jacks also reappeared in the suburbs, indicating that more people
Home, and a revival of the construction industry.
Low cost of living and affordable housing also encourage millennials to own housing.
Provo was the first batch in 2015
Time buyers take out the mortgage.
26% $250,000 In the recent recession, the new slogan of Colorado Springs :"--it-
Your own government.
The volunteers can use street lights because
To save money, the city's third street lamp is shut down or a trash can is used so that the city can afford to collect garbage from the park.
With the development of the city motto, this book leaves something to look forward.
At the bottom of the recession, household income in Colorado Springs fell to $51,700, down $7,200 from its highest point in 2008.
But help up close.
Just an hour from the recession.
Colorado Springs has proven Denver and avoided a recession in the booming energy sector with about one family
Third, the price is cheaper, which is very important for commuters.
New homes are now booming, especially in the northern part of town.
Professor of Economics at the University of Colorado said: "We are behind in the rest of Colorado, but this has indeed reversed in the past few years --"
Colorado Springs.
51% $238,700 South Florida is a typical subprime mortgage crisis.
Housing prices soared in the 2000 s
Debt and stars have driven growth.
Rather than investors who can really afford a house.
Then the price fell again.
The most difficult-
North Harbor was hit-
A collection of most of the retirement communities in Sarasota metro area, an hour south of Tampa.
House prices evaporated by 40% from 2006 to 2011, as savings and retirement funds from many potential buyers were hit.
In the worst case scenario, 1 of the 4 houses applied for foreclosure.
A hard battle began from there.
"We have had a lot of gains since then because we are far behind," said the agent of the Gulf Coast real estate team.
"But the market has been on fire again.
The baby boomers are fully retired and we are still one of the best destinations for retirement.
"The North Harbor Metro, unlike the huge Tampa, is made up of smaller, more retirement-friendly communities.
Sarasota and Venice, vibrant cultural and artistic scene
Beach and historic town known for its good
Wealthy residents
Since the market bottomed out in 2011, house prices have grown by 8% annually.
33% the financial center of the United States is also the center of the economic slowdown in the recession.
From Wells Fargo to BB & T, Charlotte's financial sector has suffered massive layoffs.
The unemployment rate soared to 12% in 2009.
The road to recovery begins with the expansion of the local economy
Outside the financial sector.
The city has won thousands of jobs by persuading companies to move with tax cuts. The home-
Electrolux, an appliance maker, moved to its North American headquarters and insurance company MetLife opened its retail business in Charlotte.
Economic and population growth
Construction has begun to stagnate.
Apartments and apartments emerge in and around the city center, including luxury buildings with pets-
Laundry station and HGTV
Inspired Kitchen
House prices are back.
$ 48%, $218, is at its lowest point in the Great Recession, and in fact the only department Boise insists on is the government. Barely.
Micron Technology, a semiconductor producer once the largest private employer in Idaho, has cut 2,000 jobs.
Years of overconstruction in the suburbs have led to more homes for sale than buyers.
House prices fell 35%.
To get rid of the economic downturn, Boise dug away from the technology industry, diversifying its economy and marketing itself as a springboard for startups to afford.
Today, Boise Valley has more than 400 technology companies from HP.
Packardxa0Like a startup companyxa0GenZ, whichxa0Developing agricultural technology.
Housing prices have risen five times as the economy improves.
Steady growth since 2011.
At $ 77%, $300, the recession hit Reno's gambling industry hard, leaving the city's casinos empty and banks empty. owned homes.
More than 40% of local homes were foreclosed in 2009, and hundreds of homeless people set up a camp in the city center.
The free fall in house prices did not stop until 2011.
By that time, many families had lost half of their 2005 value.
The recession has made people realize that we need a diversified economy.
"Relying entirely on gambling and tourism is a lasting strategy," said a professor of economics at the University of Nevada. Reno.
The new strategy makes Renault a paradise for doing business: offering cheap real estate with little corporate tax and personal income tax, investing in higher education to provide more skilled workers.
Since then, Renault has been famous for Tesla, Apple and data security company Switch.
They filled the casino again.
Put your fries in black. Trust us.