SF on the 'verge of recovery,' says real estate expert Barabara Corcoran

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Nearly a couple years into the U.S. housing crisis, New York real estate mogul Barbara Corcoran says San Francisco, among a handful of other markets, has bottomed out.

On Corcoran's list of top five markets "on the verge of recovery," San Francisco comes in fifth, based on eight factors, including job growth, good weather, population growth and the number of first time buyers.

"Everyone loves San Francisco for the weather, but I like San Francisco because it's a port city -- it has access to the tremendous Asian markets; it's the Wall Street of the West; and a miracle has happened in San Francisco -- a typical home went from $700,000 to $402,000 and that's an unbelievable value. I can't imagine the city going down below that point," Corcoran said on the "Today" show.

Her other picks include Seattle, Austin, Raleigh, and Denver, which topped the list.