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Report: Midstate metro areas near bottom of real estate recovery

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Midstate metropolitan areas don't fare so well on the first-ever Housing Market Recovery Index, released today by California-based RealtyTrac Inc.

The index ranks the top 100 metro markets in the country. That list includes Harrisburg-Carlisle, Lancaster County and York-Hanover.

The latter two were near the bottom at No. 86 and No. 90, respectively, while Harrisburg-Carlisle ended up at No. 45.

RealtyTrac created the index based on seven factors relating to the health of the real estate market: unemployment rate; underwater loans percentage; foreclosure activity percent change from peak; distressed sales percent of total sales; institutional investors share of total sales; cash purchases share of total sales; and median-home price percent change from bottom.

The top spot for strongest signs of recovery went to Rochester, N.Y. Pittsburgh was No. 17, while the Allentown-Bethlehem-Easton area was No. 99, followed by Baltimore, Md.

The full list is available here.

Jason Scott

Jason Scott

Jason Scott covers state government, real estate and construction, media and marketing, and Dauphin County. Have a tip or question for him? Email him at jasons@cpbj.com. Follow him on Twitter, @JScottJournal. Circle Jason Scott on .

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