10 rebounding real estate markets

TODAY real estate expert Barbara Corcoran says that cities such as Raleigh, N.C., Rochester, N.Y., and Chattanooga, Tenn., are on track to make real estate comebacks this year.

 

>>> this morning on today's real estate , ten housing markets to watch. national home sales may not recover until next year but confidence is rising and some local markets are set to outshine others this year. barbara corcoran is here with the top ten list. good morning.

>> good morning.

>> let's talk first about who put the list together and what was the criteria they used?

>> in the news every year publishes a survey. they are trying to pinpoint the ten markets most likely to have the greatest appreciation and turnaround. one piece of the criteria is that the home price be similar or below the national average plus great jobs and a low foreclosure rate.

>> let's get to the list. number one on the list is raleigh, north carolina . so what's the average sales praise there and how does it compare to the median sales in the u.s.?

>> it's $224,000 whereas the national average right now is a low $169,000. but this is a market that's been buyed by the young population that's been growing. that creates a tremendous demand for housing. this is a traditional three bedroom, two and a half bathhouse with a screened in porch and water view. get it for $170,000. lots of jobs, lots of homes available and the prices are right.