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10 hottest U.S. housing markets of 2013


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10 hottest U.S. housing markets of 2013

 

 





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1. Phoenix


Change in home value: 24.0%



Current home value: $165,600



Bottom in home value: Q3 2011



Forecast change in home value: 10.6%



No other metropolitan area’s housing market has grown faster than Phoenix,
where home values rose 24% over the past year. Between 2013 and 2014, home
values are projected to rise an additional 10.6%. The unemployment rate in the
Phoenix metro area was just 6.7% in February 2013, down a percentage point from
the same month in 2012. Notably, construction jobs were up 8.2% from the
previous year, likely an indicator of a more robust housing market. 

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