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It’s hard to pick up a newspaper or turn on a TV newscast without hearing the latest on the housing market. These days, it’s the housing market, not the stock market, that’s the most important barometer of financial health for many Americans.
And the housing market differs depending on where you live. In an analysis prepared for Fortune, Moody’s Analytics calculated how prices are likely to shift in 414 regional housing markets between the fourth quarter of 2022 and the fourth quarter of 2024. Their model predicts it’s almost an even split of good news-bad news for sellers, with 210 markets expected to see house prices decline over the next two years and 204 markets poised to see house prices rise over that same time period.
Here’s a look at the cities where home prices are predicted to increase most in value, beginning with No. 10.
10. Danville, Illinois
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Forecasted home price change between late 2022 and late 2024: 6.3% increase
Cozy Danville is about 120 miles south of bustling Chicago, but they may as well be in two different worlds. Only about 30,000 people live in Danville, but they have access to more than 15,000 acres of parklands plus five miles of bikeable paths and a number of arts, music and theater festivals.
9. Valdosta, Georgia
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Forecasted home price change between late 2022 and late 2024: 6.4% increase
Valdosta is in Georgia, just barely — it’s just 15 miles north of the Florida state line. While it’s home to only about 55,000 people, the city boasts historic architecture, the cultural benefits of Valdosta State University, and even a Wild Adventures theme, animal, and water park.
8. Farmington, New Mexico
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Forecasted home price change between late 2022 and late 2024: 6.5% increase
The Farmington region attracts visitors and new residents alike with its mild climate, scenic beauty and fascinating history, which includes five national park sites. And while Roswell gets most of New Mexico’s alien-encounter press, it was Farmington that had a “UFO Armada” in 1950. That’s when numerous residents claimed to have seen mysterious objects in the sky over a three-day period. (The government says a high-altitude naval research balloon exploded, but isn’t it much more fun to think E.T. and company were somehow involved?)
7. Columbus, Georgia
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Forecasted home price change between late 2022 and late 2024: 6.6% increase
Columbus perches on the Chattahoochee River along the state’s border with Alabama, and only busy Atlanta — Georgia’s capital city — is home to more …….