No. 1 best market: Miami
Expected five-year price gain:
Long the poster child for South Florida's housing bust and foreclosure crisis, Miami gets the top spot in HousingPredictor.com's study because the 2.5 million-population metro area's real estate market has finally begun to turn around.
Media list prices already rose 15.5% over the past year on Realtor.com, and Colpitts thinks the recovery has just begun -- fueled partly by investors from Latin America and other foreign locales.
"Miami is an international designation for vacationers and has become a world-class resort community, attracting home and condo purchasers from all over the world," he says. "If there's ever been a time to buy housing in Miami in this decade, chances are this is it."
Property buyers will find some 12,000 Miami homes listed on Realtor.com. Prices start at
$12,600 for a one-bedroom condo
and run to
$125 million for an 11-bedroom oceanfront estate