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Some of the Hardest Hit Areas are showing signs of Improvement
April 28, 2011

Several of the hard hit real estate market areas are on the road to recovery, according to the National Association of Realtors (NAR).

Areas such as the Los Angeles-Long Beach metropolitan area, which was once one of the worst hit areas, has now become the third most searched market in the first three months of this year. Although, Florida is listed as one of the top three states with the highest number of foreclosures, according to Realtor.com, the Ft. Myers-Cape Coral metro prices in March rose over 24% in an annual comparison.

Washington D.C. is also showing signs of improvement. The Median listing price was up 4.11% in March during an annual comparison, even while the unemployment rate remains low.

Other markets that are seeing an improvement include Philadelphia, Colorado Springs, Colo., Boston, Dallas, and Buffalo-Niagara Falls, N.Y.