Charleston Named One of Best Cities to Buy Real Estate

CHARLESTON, W.Va. (WSAZ) -- Charleston is helping lead the nation out of one of the toughest times for the country's housing market, according to a website. ranked Charleston the third most promising real estate market in the United States for 2012.

Huntington is ranked 8th and Wheeling came in 9th.

According to a news release, the ranking was based on housing appreciation expectations for 2012.

"As a state that has suffered with poverty and hard times for generations, West Virginia lands three markets on the best 25 list for the year as it benefits from newcomers moving to the state for its housing affordability," the article states.

Tina Pepper, a Charleston based realtor, said the news is very exciting for buyers in the area.

"This information provides us a great tool to show our clients," Pepper said. "Right now is a great time to buy a home because interest rates are still low and prices have not yet started to rise. It is also a good time to sell before the market becomes saturated with homes."

According to the, Charleston's housing prices are expected to increase by 4.5 percent this year.

The recovery is starting in housing with these cities and will eventually spread to other communities as the country recovers from the worst collapse in real estate since the Great Depression, according to the website.

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