Which housing markets are the ones to watch in the next five years? AOL Real Estate recently ranked cities on their projected annualized change in home prices between the third quarter of 2012 and the third quarter of 2017. Many of the cities had seen home prices fall greatly off their peak so some of these metros are making up for lost values over the years.
1. Medford, Ore.
Annualized expected growth from third quarter 2012 to third quarter 2017: 9.7 percent
2. Santa Fe, N.M.
Expected growth: 9.1 percent
3. Panama City-Lynn Haven-Panama City Beach, Fla.
Expected growth: 9.1 percent
4. Sebastian-Vero Beach, Fla.
Expected growth: 8.9 percent
5. Carson City, Nev.
Expected growth: 8.5 percent
6. Santa Barbara-Santa Maria-Goleta, Calif.
Expected growth: 8.4 percent
7. Reno-Sparks, Nev.
Expected growth: 8.1 percent
Source: “15 Best Housing Markets for the Next 5 Years,” AOL Real Estate (March 2013)