Where home prices are rising fastest

The tide is already starting to turn in some U.S. housing markets, with home prices in these 10 metro areas expected to climb anywhere between 10% and 21% by the end of next year, according to Fiserv.

1. Madera, Calif.
Median home price: $125,000
Drop since market peak: 53.1%
Forecast gain through 2013: 21.5%

Home buyers started coming back to Madera earlier this year.

"Homes are selling quickly and with competing bids," said Esther Riffel, president of the Madera Association of Realtors.

A lot of that has to do with the dirt-cheap prices. At $125,000, the median home price is well below the national average of $163,000, according to Fiserv.

And buyers get plenty of home for their money: Recently, a 2,400 square-foot home with three bedrooms and three baths sold for just $127,000. Five years ago, the same home went for about $375,000.

However, part of the reason the deals are so good is that most of the sales are foreclosures or short sales, said Riffel.

Another thing to be wary of in Madera: The jobs picture. As in most nearby cities in California's Central Valley, unemployment is high, at 16.6% in March, according to the Bureau of Labor Statistics.


Forecast data is from Fiserv and is for the two years ending Dec. 31, 2013. Other data is from the National Association of Home Builders and Trulia.
By Les Christie @CNNMoney - Last updated May 30 2012: 11:16 AM ET
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