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Homes.com Local Market Index and Rebound Reports Show Even Hardest Hit Areas Recovering

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• The 13 newest markets to achieve a full rebound are Buffalo-Niagara Falls, N.Y.; Rochester, N.Y.; Louisville/Jefferson County, Ky.-Ind.; Albuquerque, N.M.; Asheville, N.C.; Roanoke, Va.; Binghamton, N.Y.; Burlington-South Burlington, Vt.; Springfield, Ill.; Oshkosh-Neenah, Wis.; Statesville-Mooresville, N.C.; Pueblo, Colo.; and Rocky Mount, N.C.

• 143 show more than a 50 percent rebound, up from 132 markets in the previous month.

• 74 percent (57) of the 77 fully rebounded markets gained less than 2 percent, while 19 reported minor losses by 1 index point or less. This illustrates the seasonal downtrend in the housing market along with a leveling of home prices.

• 22 markets were not affected by the boom-bust scenario of the U.S. housing bubble. These markets did not experience the same peak-to-trough decline displayed by the remaining 278 markets. All of these markets are midsize markets, with half from the state of Texas and 73 percent from energy producing areas.

They include: Brownsville-Harlingen, Texas; Killeen-Temple-Fort Hood, Texas; Shreveport-Bossier City, La.; Anchorage, Alaska; Fayetteville, N.C.; Charleston, W.Va.; Lubbock, Texas; Cedar Rapids, Iowa; Amarillo, Texas; Waco, Texas; College Station-Bryan, Texas; Longview, Texas; Tyler, Texas; Fargo, N.D.-Minn.; Jacksonville, N.C.; Monroe, La.; Waterloo-Cedar Falls, Iowa; Abilene, Texas; Iowa City, Iowa; Wichita Falls, Texas; Sioux City, Iowa-Neb.- S.D.; and Midland, Texas.

For more information, visit www.Homes.com.

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