Home prices are expected to bottom later this year after falling nearly 35 percent from their 2006 peak, according to the latest data from Fiserv Case-Shiller.
They also note that housing is more affordable now than it has been at any time in the last four decades.
We drew on Fiserv Case-Shiller data to identify the best housing markets for the next five years.
The 15 cities are ranked by the projected annualized change in home prices between Q4 2011 and 2016. We also included the median home price, median household income, unemployment rate, and the change in home prices since their peak to give a better scope of the housing market.
Note: Data median family income and home price data is for Q4 2011. Unemployment data is for February 2012, and population and households data is for 2010.