Wall Street news site puts positive spin on Yuba City housing market

The website 24/7 Wall Street is reporting that Yuba City's downturned housing market is expected to recover soon.

"The housing prices in California’s Yuba City, which is located north of Sacramento, sank by 51.1% since their early peak in the fourth quarter of 2005. The city also has the fourth highest unemployment rate in the country, according to the Bureau of Labor Statistics. However, home prices are now expected to increase 9.2%, and then an additional 9.0% in the 12 months after that.," the article states.

Yuba City is listed as No. 4 in the publication's top 10 worst housing markets poised to recover.

Read the article: http://247wallst.com/2011/11/02/americas-worst-housing-markets-poised-to-recover/