Housing markets that have seen some of the biggest drop in home prices since the housing peak are now poised for recovery in the next two years, according to a new report by Fiserv. The bargains in these cities are attracting buyer attention and expected to drive up home prices in the coming year. Fiserv forecasts that the following five cities will see some of the biggest growths in home prices by the end of 2013:
1. Madera, Calif. Median home price: $125,000 2013 forecast for home prices: 21.5% increase
2. Medford, Ore. Median home price: $144,000 2013 forecast for home prices: 20.1% increase
3. Yuma, Ariz. Median home price: $105,000 2013 forecast for home prices: 16.7% increase
4. Corvallis, Ore. Median home price: $224,000 2013 forecast for home prices: 13.2% increase
5. Eugene, Ore. Median home price: $166,000 2013 forecast for home prices: 12.4% increase
Find out what other cities made Fiserv’s rebounding home price list.
Source: “Where Home Prices Are Rising Fastest,” CNNMoney (May 2012)