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Top 5 for real estate

The "Today Show" real estate expert ranks Memphis among the nation's top five for cities positioned to lead a rebound in residential real estate.

Appearing on the NBC show this week, Barbara Corcoran said Memphis is primed for recovery despite relatively high foreclosure and unemployment rates.

She emphasized that the median price for homes in Memphis has risen 21 percent since 2008.

As a distribution center with multiple interstates and railroads, Memphis is ripe for strong employment, she said. People filling the jobs created by FedEx and other companies involved in distribution will need housing, Corcoran said.

The other four cities were Charleston, W.Va., Pittsburgh, Phoenix and San Francisco.

from the CA, Memphis, March 20, 2010