10 hottest housing markets for 2014

From Oakland, Calif., to Memphis, Tenn., these major metro areas are expected to see the biggest increase in home prices this year, according to CoreLogic Case-Shiller's latest home price forecast.

Oakland, Calif.

oakland ca
  • Median home price : $545,000
  • Forecast gain through Sept. 2014: 9.3%

This blue-collar city and its posh surrounding suburbs benefit from neighboring San Francisco's spillover.

"[Oakland] is more affordable than the rest of the Bay Area, especially at the moderate- and low-end," said Leslie Appleton-Young, chief economist for the California Association of Realtors.

Oakland-area home prices have come roaring back since the housing bust, jumping 26% for the 12 months through last September, according to CoreLogic Case-Shiller.

Home prices: Your local forecast -- 384 markets tracked

With the region's high-paying tech industry going strong, deep-pocketed workers continue to flock to the area helping to push the median home price to a whopping $545,000.

CoreLogic expects home prices to climb another 9.3% by the end of September. Yet this hot market is expected to eventually cool. Over the next five years, CoreLogic expects home price growth to slow to 4.5% annually.

Source: CoreLogic Case-Shiller
Forecasts are for the 12 months ending September, 2014. Rankings are for metro areas with populations of one million or more. In addition to its own data, CoreLogic Case-Shiller compiled its results using data from the National Association of Realtors, the Federal Housing Finance Agency, Moody's Analytics and the Bureau of Labor Statistics.
- Last updated January 23 2014 02:54 PM ET
Real Estate Calculator

Was my home a good investment?

Find out now
Find Homes for sale
  • Property Type
  • Find a home in:
    New York | Atlanta | Chicago | Los Angeles
    Washington D.C | Houston | Philadelphia | More options

Mortgage & Savings

Sponsored Lending News