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Old 08-30-2011, 04:25 PM
 
64 posts, read 97,234 times
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Recession-Resistant Cities For Real Estate - Forbes Galleries (http://galleries.forbes.com/gallery/Recession-proof_cities#image=0fXW3hq00qed2&view=filmstrip - broken link)

"There are some surprising results. Florida, one of the states to suffer most from the real estate boom and bust, contributes six cities to our list – more than any other state. “The Florida metro areas have really paid their dues, coming off quite a lot since 2006 in terms of home values,” explains Svenja Gudell, an economist at Zillow. “We are finally seeing those numbers start to stabilize.”

Ft Myers: Median home price: $126,100 Second Quarter 2011 Price Increase: 3.8% First Quarter 2011 Price Increase: 2.9% Price Plunge Since Peak: 58.6% decline

Sarasota: Median home price: $143,000 Second Quarter 2011 Price Increase: 6.7% First Quarter 2011 Price Increase: 3.4% Price Plunge Since Peak: 22.1% decline

Punta Gorda: Median home price: $116,600 Second Quarter 2011 Price Increase: 1.9% First Quarter 2011 Price Increase: 0.4% Price Plunge Since Peak: 50.9% decline
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