Alameda, California (EastBayDaily) — For the second year in a row, the Midwest and Southern markets dominated Inman News’ 10 Real Estate Markets to Watch in 2012, a list of 10 fast-rising real estate markets nationwide. The Des Moines (IA) and Bloomington-Normal (IL) metros are the only ones to rank in the top 10 for two years running.
Inman News examined housing, economic and demographic data for metropolitan areas nationwide in compiling a list of 10 housing markets that are showing signs of strength and may outperform other housing markets in 2012 in several key metrics. They include above-average price appreciation, a flourishing job market, a high rate of sales in proportion to population, a high level of home affordability, low foreclosure activity, a below-average share of distressed sales, a low vacancy rate, and other characteristics indicating a healthy housing market.
The markets are, in order:
Raleigh-Cary, NC Wichita, KS Rochester, NY Des Moines-West Des Moines, IA Chattanooga, TN – GA Peoria, IL Amarillo, TX Binghamton, NY Waterloo-Cedar Falls, IA Bloomington-Normal, IL
The 10 markets are ranked according to population, sales volume, and median sales price appreciation. Population was weighted most heavily in the rankings, followed by sales volume in proportion to population and rate of price appreciation.
For the complete 2012 report, click here.
About Inman News | Agents and brokers around the world turn to Inman News first for accurate, innovative and timely information about the industry. Known for its award-winning journalism, cutting-edge technology coverage and forward thinking conferences, Inman News is the leading independent source of real estate news, advice and commentary.
In addition, Inman News produces the Real Estate Connect® and Agent Rebootâ¢ conferences. Real Estate Connect San Francisco 2012 will be held Aug. 1-3, 2012, in San Francisco, and the 2012 Agent Reboot 17-city tour kicked off in New York City on Jan. 10, 2012.
For more information, visit inman.com.