You can hear it across the country. The sigh of relief as the U.S. housing market continues to make substantial gains. We started seeing improvements in late 2012 and by March of 2013 home prices were on a steady incline with gains of 10.9 percent from a year earlier, showing the largest 12-month increase in U.S. property value since April 2006.
With the initial expectation of a 10.2 percent increase, statistics are surely proving positive for the future of the U.S. housing market. Some of the hardest hit regions during the housing crisis are now listed among the top 10 hottest markets to watch in 2013. From Detroit, MI (ranked at No. 10) to Phoenix, AZ (ranked at No. 1), it’s not just the mercury that’s on the rise. Home prices have already jumped with Detroit seeing a 13.1 percent rise with as much as a 3.1 percent increase forecasted for the remainder of the year.
Where Phoenix has seen a 24 percent increase and another 10.6 percent projected for the coming months.
As the housing market comes back to normal, now’s the time to recognize the innovation in the real estate industry that has sustained and nourished growth throughout the turmoil of the housing crisis. HousingWire Magazine has released the REtech:50. The REtech:50 profiles the nation’s top real estate technology firms that make an impact and help improve the industry for professionals and consumers.
“The improvement in the market presents an ideal opportunity to recognize the technology firms that have helped foster growth in the industry,” says Amy Vercher of HousingWire. “Top rated companies, such as Lone Wolf Real Estate Technologies, have made significant impacts on the well-being of their clients over the past several years, enabling their clients to focus on productivity and growth moving forward.”