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24/7 Wall St.: The Best Housing Markets for 2013

6. Seattle, Wash.

Job growth: 3.1%
Vacancy rate:2.4%
Construction permits: 11.1 per 1,000 homes

In the last year, asking prices on homes in Seattle rose by 8.8%, more than most of the nation’s largest housing markets. This increase coincided with high levels of construction — there were 11.1 construction permits per 1,000 units, more than all but a few markets nationwide. Despite this growth in demand, Seattle remained affordable relative to areas such as San Francisco and San Jose where the median price per square foot was more than twice as high as that in Seattle. None of next year’s top markets had home prices fall as much during the recession as Seattle, where prices fell by nearly 26% from their peak-to-trough.

More From 24/7 Wall St.:
The 10 Most Expensive Cities To Buy A Home
American Cities Adding Or Losing The Most Jobs
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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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