Where Redfin says you should look to buy in 2013
Real estate broker Redfin revealed its list of the most anticipated emerging neighborhoods and small cities for real estate in 16 cities throughout the U.S…and the results were surprising.
The report is based on input from Realtors and current data such as inventory, prices and sales-to-list ratios.
The Redfin study draws attention to areas that may be relatively unnoticed now, but will likely see good value and plenty of opportunity for growth in the year to come.
"The results surprised us: the hottest neighborhoods aren't the well-known bastions of privilege," said Redfin CEO Glenn Kelman. "They're once-gritty urban areas and far-flung suburbs with school districts on the rise. This is the surest sign that the recovery is broadening, and that home-buyers are venturing out to once-marginal areas hit hard when the bubble burst."
While 2012 is seen by most as the bottom for the housing market, most analysis points to 2013 as the year that will further gains in both home prices and sales.
Click on the chart below to see the top 10 most anticipated neighborhoods across the U.S.