Tech Hubs May Have the Edge in the Housing Recovery. Housing Market Recovery Index Highlights:
Nationally, the overall housing market is inching towards recovery as buyer interest and home price growth surpass pre-COVID19 levels — but more ground left to cover as growth in new supply and the pace of sales still lagging
Locally, four new markets reach the recovery benchmark taking the total to eight of the 50 largest markets — this week’s data suggests markets with stronger job creation pre-COVID may have a crucial edge in the recovery
The overall recovery index is showing greatest recovery in Denver, Boston, Seattle, San Francisco and San Diego, all five being established tech hubs with strong job markets pre-COVID.
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