May 17th, 2011 9:53 AM

Housing Markets That Will Rise Most This Year

Posted: May 11, 2011 at 4:54 am

Read more: Housing Markets That Will Rise Most This Year - 24/7 Wall St. http://247wallst.com/2011/05/11/housing-markets-that-will-rise-most-this-year/#ixzz1Mcb9T1ru

1. Mobile, Alabama

Projected Price Increase Through 2011: +8.4%
> Unemployment Rate: 10.4%
> Median Family Income: $50,800
> Vacancy Rate: 11.1%
> Drop From Peak: 23.6%

Founded in 1702, Mobile is a major regional center for art, and features an opera, a ballet, and several art museums. The city has a long-standing, stable population, which will make room for an easier recovery than cities with migratory populations. Mobile is the largest city in the gulf region between St. Petersburg, Florida, and New Orleans. It saw some of the worst effects of both Hurricane Katrina and the BP Oil spill. As the impacts of both these disasters begin to subside, housing values have started to recover, and are projected to improve 8.4%, the fastest growth of any region in the country, by 2011. Home prices are projected to rise the following year an additional 7%, above the expected national average of 1.8%.

Read more: Housing Markets That Will Rise Most This Year - 24/7 Wall St. http://247wallst.com/2011/05/11/housing-markets-that-will-rise-most-this-year/#ixzz1McavZNub

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