5 Best Housing Markets for 2013
Fifth-best market: Los Angeles
Projected median price gain: 7.3%
Zillow predicts L.A.'s housing market will see big price increases this year, partly because it's so beaten down that the only way to go is up.
Humphries says median L.A. prices are back to December 2003 levels, "so affordability is looking quite good."Zillow estimates that median Los Angeles home values plunged 38% after peaking in early 2006 -- and while they've been rebounding since last March, they're still way down. The site puts the typical La-La Land house's current value at $414,900 -- 33% below 2006's $619,200 peak.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts