RealtyTrac states that Fort Myers- Cape Coral is 2nd in the nation for Real Estate recovery.
"Strong numbers in another upstate New York metro, Albany, helped that market post the third highest recovery index, slightly behind the southwest Florida market of Cape Coral-Fort Myers, one of the hardest-hit markets in the last seven years. Recovery in the Cape-Coral-Fort Myers market is being driven by strong home price increases, which are being fueled by a high percentage of cash and institutional investor purchases, along with sharp decreases in foreclosure activity."
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SW Florida 2nd among recovering markets
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