Miami takes top spot in turnaround city in country

Miami was the top “turnaround town” in the country in the third quarter.
The rankings look at median price appreciation, reductions in age of inventory and inventory counts,
along with unemployment rates.

Miami has one foreclosure for every 407
homes, an improvement over the national rate of one out of every 213.
Condo sales have also increased 79 percent in the first five months of
the year.

Six Florida markets were included on the list, with Fort
Lauderdale ranked fourth.