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10 real estate markets poised to outperform in 2012

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Inman News, in a report released today, highlights 10 metro areas that data suggest are set to outshine many other markets in real estate performance this year. The markets, which stretch from New York to Texas and include metros with populations above 150,000, were selected and ranked based on a range of demographic, economic and real estate market data, including real estate sales volume and median sales price appreciation.Among the findings in this report, researched and written by Inman News reporter Andrea V. Brambila: Three of the 10 markets on this list are state capitals, and both Illinois markets benefit from proximity to that state's capital, Springfield.Four of the markets: Bloomington-Normal and Peoria in Illinois as well as Des Moines-West Des Moines and Waterloo-Cedar Falls in Iowa, are no more than 300 or so miles from each other. Nine of 10 markets had median sales prices below the national median in the third quarter of 2011. Where affordability rankin...