What Are The Next Real Estate Boomtowns In America?

Real estate markets may be showing setbacks on their road to recovery, but they're still mostly on the mend from a year ago. A number are even emerging as boomlets — some back from the brink. Here sales of homes and offices are up healthily. Prices too. So where are vital signs strongest? In housing, Phoenix is among bubble-busted cities starting to bloom again. Of the top 100 markets in the U.S., Phoenix is deemed the "most improved" by CoreLogic, based on a survey the research firm did in May. "Phoenix is especially experiencing a surge in prices, a large drop in delinquency rates and an improvement in the number of transactions," said Sam Khater, CoreLogic's senior economist. In Maricopa County, where Phoenix is, the median price of homes sold in April jumped to $143,000 vs. $115,000 a year be fore, according to the Arizona Regional Multiple Listing Service.

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