The 7 Hottest Housing Markets In America

los angeles

Photo: Wikimedia Commons

National home prices are expected to rise 1.7 per cent from Q3 2012 – Q3 2013, according to Zillow’s latest report. In fact, the report finds that 183 of the 252 markets surveyed have hit a bottom, but the recovery has been different in different parts of the country.

We drew on the report to rank seven cities where home prices are projected to rise the most in the next year.

We also included an estimate of when home prices bottomed, and the actual value of a home.

Los Angeles, California

Change in home prices 2012-2013:
3.5 per cent

Projected bottom in home value:
Q1 2012

Price in Q3 2012:
$397,000

Source: Zillow

Miami-Fort Lauderdale, Florida

Change in home prices 2012-2013:
3.8 per cent

Projected bottom in home value:
Q4 2011

Price in Q3 2012:
$149,700

Source: Zillow

San Francisco, California

Change in home prices 2012-2013:
3.8 per cent

Projected bottom in home value:
Q1 2012

Price in Q3 2012:
$497,600

Source: Zillow

San Jose, California

Change in home prices 2012-2013:
4.2 per cent

Projected bottom in home value:
Q2 2009

Price in Q3 2012:
$599,800

Source: Zillow

Sacramento, California

Change in home prices 2012-2013:
5.6 per cent

Projected bottom in home value:
Q1 2012

Price in Q3 2012:
$210,900

Source: Zillow

Riverside, California

Change in home prices 2012-2013:
6.2 per cent

Projected bottom in home value:
Q1 2012

Price in Q3 2012:
$187,800

Source: Zillow

Phoenix, Arizona

Change in home prices 2012-2013:
8.5 per cent

Projected bottom in home value:
Q3 2011

Price in Q3 2012:
$149,000

Source: Zillow

Now take a look at Canada's housing bubble...

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