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

2. Glens Falls, NY

Expected price increase: 4.2 percent
Unemployment rate: 7.5 percent (185th lowest)
Change in home prices (2010Q4-2011Q4): -2.4 percent

Home prices in Glens Falls, NY, declined only moderately during the housing crisis. Homes lost 7 percent of their value from their peak, much lower compared to a 34.2 percent average decline nationwide. Still, the 2.4 percent drop per year between the end of 2008 and 2011 was apparently enough for investors to identify the region as a potential investment. The regional economy remains stable, with an unemployment rate of 7.5 percent, well below the national average. Fiserv projects home prices in the area to increase 4.2 percent by the end of this year and increase an average of 7.2 percent per year by the end of 2016.
(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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