By now, all of us have stories. We all know someone who has sold a home for a considerable profit or recently bought a house and went into massive debt. Unfortunately, it’s starting to feel like the increases will never end. The latest news about real estate prices across America would seem to contradict the trend in Florida, however. While most of the country is leveling off, two markets in Florida are among the highest performing.
Orlando and Tampa both made significant jumps in housing prices last month. Tampa real estate rose just over 5%, while Orlando property rose just under that. The most significant increases in America happened in Nashville, Tennessee, and Indianapolis, Indiana. Surprisingly, Detroit is experiencing a boom in housing, too. The building is ramping up rapidly after that a decades-long exodus from the city. The drop in home sales across the nation has been blamed on interest rate hikes, which kept many first-time homebuyers from getting their place. Some buyers have settled for less desirable homes to secure housing of any type. The best properties still experience bidding wars and intense competition. Source:[ WFLA.com]
The 5 Most Expensive Tampa Homes In Citrus Park Currently On the Market
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