Housing Gaining Steam | Job Market Reinforces Cash Flow Zones

housing gains steamHome Union’s cash flow zone, the Metropolitan Atlanta area ranked #6 by the Forbes magazine among metros for information sector jobs. Forbes ranked 317 metropolitan statistical areas based on employment data in the information sector from the Bureau of Labor Statistics from 2001 through January 2013. Chicago ranked #4 in the list of ten happiest cities for young professionals by the same magazine. This list was reportedly compiled by career site CareerBliss.com based on the analysis from more than 45,000 employee-generated reviews between 2012 and 2013. Yet another cash flow zone, Kansas City is among the top 10 cities poised to become the next Silicon Valley according to the jobs site, Bright.com.

Housing Stats

The S&P Case Shiller 10-City and 20-City Composite indices increased by 10.3% and 10.9% in the first quarter of 2013 with the national composite rising by 10.2% in the last one year. All 20 cities posted positive year-over-year growth.

According to CoreLogic Foreclosure report, the five states with the highest number of completed foreclosures for the 12 months ending in April 2013 were: Florida (102,000),

California (79,000),

Michigan (68,000),

Texas (53,000) and

Georgia (47,000).

Freddie Mac’s 30-year fixed-rate mortgage averaged 3.81%, and the 15-year FRM averaged 2.98% for the week ending May 30, 2013.

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