The blog 24/7 Wall St. has identified the ten metropolitan areas where home prices are projected to increase the most from the second quarter of 2011 to the second quarter of 2012.
Six of these ten metropolitan areas are also among the top 50 areas that experienced the worst housing prices declines from the second quarter of 2008 to the second quarter of 2011.
The housing markets in these areas were badly hurt when the real estate bubble burst and were considered to have hit rock bottom. These kinds of markets draw investors, and the inflow of new money causes these markets to bounce back, driving home prices back up.
- Madera-Chowchilla, Calif.
- Carson City, Nev.
- Yuma, Ariz.
- Yuba City, Calif.
- Farmington, N.M.
- St. George, Utah
- Niles-Benton Harbor, Mich.
- Las Cruces, N.M.
- Syracuse, N.Y.
- Mobile, Ala.
To read the article, click here.
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