Emerging Housing Markets Index

Big cities could be making a comeback, with more expensive, populated housing markets appearing on the quarterly Wall Street Journal/Realtor.com® Emerging Housing Markets Index. The top 20 emerging markets listed averaged 500,000 residents this quarter, more than 100,000 people more than last quarter. It is a mix of coastal, Southern, and Midwestern markets. Six of the 100 largest U.S. metros made the list: Raleigh, NC; Colorado Springs; North Port, Fla; San Jose, CA.; Cape Coral-Ft. Myers, Fla; and Oxnard-Thousand Oaks, CA. “It could signal a reorientation of the real estate market,” says Realtor.com Chief Economist Danielle Hale. The rankings and their median list price are as follows: Naples, FL ($667,000)North Port, FL ($445,000)Kahului, HI ($937,000)San Luis Obispo, CA ($899,000)San Jose, CA…