The tide is already starting to turn in some U.S. housing markets, with home prices in these 10 metro areas expected to climb anywhere between 10% and 21% by the end of next year., according to Fiserv.
1. Madera, California
2. Medford, Oregon
3. Yuma, Arizona
4. Corvallis, Oregon
5. Eugene, Oregon
6. Olympia, Washington
7. Boise, Idaho
8. Billings, Montana
9. Lewiston, Idaho
10. Santa Fe, New Mexico
Read more: Where home prices are rising fastest
http://money.cnn.com
Check your local market forecast
Chicago-Joliet-Naperville, IL Metropolitan Division – 384 markets tracked
Forecast change: second quarter, 2011 – second quarter, 2012 |
-3.4%
|
Forecast change: second quarter, 2012 – second quarter, 2013 |
+6.4%
|
Market fundamentals | |
Median Family Income (Fourth quarter 2011) |
$71,600
|
Median Home Price (Fourth quarter 2011) |
$190,000
|
Change in Home Prices (From fourth quarter 2010 thru fourth quarter 2011) |
-6.9%
|
Worst 1-Year Home Price Change (1980-2011) |
-18.8%
|
Lake County-Kenosha County, IL-WI Metropolitan Division
Median home prices are expected to fall another 0.8% for the 12 months ending December 2012 but rise 4.1% in the 12 months after that. See how your market is expected to fare:
Forecast change: second quarter, 2011 – second quarter, 2012 |
-1%
|
Forecast change: second quarter, 2012 – second quarter, 2013 |
+0.9%
|
Market fundamentals | |
Median Family Income (Fourth quarter 2011) |
$83,900
|
Median Home Price (Fourth quarter 2011) |
N/A
|
Change in Home Prices (From fourth quarter 2010 thru fourth quarter 2011) |
-5.6%
|
Worst 1-Year Home Price Change (1980-2011) |
-10.4%
|