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State of Affairs PRESENTS TOP NEWS With recovery taking hold, some of the nation���s top emerging housing markets can be found in some of the most unlikely places, according to Redfin. The real estate brokerage studied 48 emerging neighborhoods located within 16 major metro areas across the country to determine which neighborhoods showed the most promise this year. Glenn Kelman, CEO of Redfin, said the results showed ���the hottest neighborhoods aren���t the well-known bastions of privilege. They���re once-gritty urban areas and far-flung suburbs with school districts on the rise.��� Kelman sees this trend as ���the surest sign that the recovery is broadening.��� Redfin���s top 10 neighborhoods are nestled within five metro areas; eight of the 10 are in California. In the No. 1 spot is the Highland Park neighborhood of Los Angeles. From December 2011 to December 2012, Highland Park experienced a 48 percent drop in inventory, a 72.7 percent rise in sales volume, and a 31.2 percent increase in home prices. The Mission in San Francisco is home to last year���s most drastic price increase���79.8 percent. Sales volume increased most in Chicago���s Logan Square, up 93.8 percent. Inventory declined most in Livermore, located in San Francisco���s East Bay. Livermore has 71.3 percent fewer homes listed for sale than it did a year ago. In addition to L.A., San Francisco, and Chicago, the metros of San Diego and Seattle are home to other top emerging neighborhoods in Redfin���s study. Note: The state-by-state trends are based on a compilation of December 2012 real estate public records data and proprietary mortgage loan performance transactions provided by Lender Processing Services, Inc. as well as a preliminary unemployment rate for December 2012 based upon public information from the Bureau of Labor Statistics. Lender Processing Services, Inc. (LPS)��is a provider of mortgage and consumer loan��processing services, mortgage settlement services, default solutions,��and loan performance analytics, as well as��solutions for the real estate industry, capital markets investors, and government offices. Formed from a 2008 spin-off, LPS��� predecessor companies date back nearly half a century to the early beginnings of computing and statistical services. LPS�����high-performance technology, robust data, innovative��services, and award-winning customer support��are why most of the nation���s top 50 banks have chosen LPS��to provide��the solutions��they need in today���s competitive marketplace. To learn more about LPS visit lpsvcs.com.