Capitol Report: As housing reignites, even bust towns are booming again

David Jordan at en.wikipedia

Maybe not “best,” but Fresno was ranked 17 in terms of “hot” housing markets.

The poster children of the housing bust are back.

Last week, Realtor.com released its August “Hotness Index,” ranking metro areas on how many days a listing in that area stays on the market, as well as how many web page views it receives.

(News Corp, which owns MarketWatch, publisher of this article, also owns Realtor.com, the listing website of the National Association of Realtors.)

Studding August’s top ten are names familiar from the housing bubble and the municipal distress that resulted when it burst: Vallejo and Stockton, two California cities that filed for Chapter 9 bankruptcy, as well as Modesto, Sacramento, and Fresno, which had hard times of their own.

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