Lincoln named second best city for housing recovery

Forbes recently named Lincoln, Neb. as the second best city for a housing recovery.

Forbes compiled the list by looking at 161 metro areas showing sales growth and a low percentage of foreclosure sales in an attempt to forecast which markets are on their way to recovery.

Forbes stated that Lincoln metro sales are 15 percent higher this year over last year, with only 3.6 percent of them as a result of foreclosure. Miami ranked first in the study with 27 percent increase in sales, and 3.5 percent foreclosure resales.

The Rankings
1. Miami-Ft. Lauderdale, Fla.
2. Lincoln, Neb.
3. Colorado Springs, Colo.
4. Salem, Ore.
5. San Luis Obispo, Calif.
6. Bremerton, Wash.
7. Denver, Colo. 
8. Redding, Calif. 
9. Santa Barbara, Calif. 
10. San Jose, Calif. 

Read the entire article here.

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