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Wednesday, November 7, 2012

Many Real Estates markets have seen the bottom


A new report finds that 183 of 252 markets recently surveyed have “hit bottom” and are on their way up. AOL Real Estate recently highlighted housing markets where prices are projected to rise the most next year, based on a new housing report from Zillow. Some of those “hot” housing markets on their list include:

Los Angeles
Projected bottom in home value: First quarter of 2012
Third quarter 2012 home price: $397,000

Miami-Fort Lauderdale, Fla.
Projected bottom in home value: Fourth quarter of 2011
Third quarter 2012 home price: $149,700

San Francisco
Projected bottom in home value: First quarter of 2012
Third quarter 2012 home price: $497,600

San Jose, Calif.
Projected bottom in home value: Second quarter of 2009
Third quarter 2012 home price: $599,800

Sacramento, Calif.
Projected bottom in home value: First quarter of 2012
Third quarter 2012 home price: $210,900

To see the full list of “hot” housing markets, visit AOL Real Estate.

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