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

3. Medford, OR

Expected price increase: 4.2 percent
Unemployment rate: 10.8 percent (37th highest)
Change in home prices (2010Q4-2011Q4): -6.6 percent

Medford, OR, is a relatively poor metropolitan area, with a median family income of $49,700 — compared to the national median income of $63,000. The drop in home prices — a decrease of 37.1 percent since 2006 — has therefore been all the more painful on residents. Fortunately, home prices are projected to increase 4.2 percent in the next year. In the year after that prices are expected to increase another 15.3 percent — the third-largest increase 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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