In general, experts base their predictions for the top markets on job growth, migration and an evaluation of home prices, in addition to other closely watched metrics such as interest rates. Metropolitan areas with a strong economy, or one with a particular sector that economist expect to improve in the coming year, are also likely to see an improving housing market. Not only will local residents move from rental properties to home ownership when the job market is thriving, but more residents are likely to move to the area to take advantage of employment opportunities. Both these actions drive demand for homes, and therefore should lead to higher home prices.
Real estate experts also review the past performance of a housing market to determine the future. Areas with little or no price declines in recent years are expected to remain stable and even experience rising home prices. Those with fewer foreclosures are also considered a safer place to invest in housing. Based on these factors, the following four markets are worth watching for a rebound.
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