Residential markets will continue to rise in value over the next 12 months, according to Veros Real Estate Solutions.
Annual appreciation will rise to 4.4%, up from the previous forecast of a 3.6% increase, the Santa Ana, Calif., company said in a Wednesday news release.
About 94% of markets are expected to appreciate in value, with some of the fastest areas of growth concentrated in the Pacific Northwest markets of Portland and Bend, Ore., and Seattle. The Denver and San Francisco markets are also expected to rise quickly.
"Most of these markets have strong economies, growing populations and month's supply of homes around two months or less," Eric Fox, vice president of statistical and economic modeling, said in the release.
The bottom-ranking markets are in New Jersey, Connecticut, West Virginia, Alabama and parts of New York and Pennsylvania.
