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The Top 5 Housing Markets for Growth in 2015

CNN recently released list of top 10 emerging markets for hosing growth next year. Helen Chong recaps the five most important markets from CNN's list.

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The Top 5 Housing Markets for Growth in 2015

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  1. The Top 5 Housing Markets for Growth in 2015

  2. Atlanta-Sandy Springs, Georgia Atlanta may soon reclaim its title of leading the country in population and household growth. "The market is affordable and despite an above average forecast for home price appreciation (5 percent) will remain affordable especially relative to other major markets,

  3. Dallas-Fort Worth-Arlington, Texas Dallas' employment rate may set records for 2014 and is expected to rise by 3 percent for 2015. The market is also strong in new construction, which helps to contain supply pressures. "We are forecasting 3 percent growth in home prices in 2015 and 7 percent growth in home sales.

  4. Denver-Aurora-Broomfield, Colorado As the 20th-largest market by number of households, Denver has also had a strong economy since the recovery began. As jobs increase, unemployment will continue to decrease in 2015. "The market is an opportunity magnet and has 8 percent growth in households forecasted over the next five years

  5. Des Moines-West Des Moines, Iowa The employment rate is also setting records. "While Des Moines, Iowa, may seem like an odd addition [to this list], its incredibly high affordability and high levels of home ownership among millennials set the stage for strong housing performance next year. A median household can afford a home priced at 2.2 times the median home price.

  6. Los Angeles-San Jose, California As the market with the second highest population, Los Angeles might have finally recovered all jobs lost in the recession by next year. However, the market is also one of the country's least affordable. Nonetheless, the market should see a 4 percent increase in total households and home-owning households in the next five years.

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