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24/7 Wall St.: America's Fastest-Growing Housing Markets

9. Danville, VA

Expected price increase: 3.3 percent
Unemployment rate: 8.5 percent (123rd highest)
Change in home prices (2010Q4-2011Q4): 0.0 percent

Home prices in Danville fell 6.1 percent from their peak in the first quarter of 2009. Compared to most cities, this decline is relatively small. The Danville metropolitan area is home to just over 100,000 people, making it among the least populated regions in the country. After a year in which home prices did not increase or decrease — between the fourth quarter of 2010 and the fourth quarter of 2011 — home prices in the city are now expected to rise by 3.3 percent by the end of this year — one of the largest increases in the country.
(iStock Photo)

More From 24/7 Wall Street:
The States With The Most Homes In Foreclosure
The Ten Most And Least Affordable Cities To Buy A Home
Nine Countries Where Unemployment Does Not Exist

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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