Seven Florida locations feature in America's top 10 'turnaround towns'
Foreign investors jumping into the Florida property market before a full-blown recovery gathers pace have helped towns in Florida take seven of the top 10 places in a chart of 'turnaround towns'.
Data gathered by the American property website Realtor.com puts Miami and Orlando among the three towns which saw the biggest upturn in their fortunes between the first quarter of 2011 and the same period in 2012, alongside Phoenix-Mesa, Arizona.
Meanwhile, the report also notes that the forthcoming Facebook share offering is also helping the Californian cities of Oakland and San Jose climb out of their housing depression by attracting new buyers. Dallas and Fort Worth-Arlington are also new additions to the rankings of 'turnaround towns'.
Steve Berkowitz, CEO of Realtor.com owner, Move, Inc, said there were clear "signs of stabilisation and recovery on the local level throughout the country".
But he added, the future outlook was clouded by uncertainty over the state of the American economy, and especially its jobs market.
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