Tampa, Miami Top Home Price Hikes

Tampa, Miami Top Home Price Hikes

By The News Service of Florida

Tampa and Miami have continued to top other metro areas across the country in home-price increases, according to an analysis released Tuesday.

The Tampa area had a 35 percent price increase in June when compared to a year earlier, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.

Tampa was followed by the Miami area at 33 percent and Dallas at 28.2 percent. Tampa and Miami also led other metro areas in April and May.

They were the only areas of Florida included in the 20-market analysis.

Craig J. Lazzara, managing director at S&P Dow Jones Indices, said in a prepared statement that price increases have slowed in recent months. But he added that it is “important to bear in mind that deceleration and decline are two entirely different things, and that prices are still rising at a robust clip.”

The analysis said prices remained strongest in the South and Southeast.

“We’ve noted previously that mortgage financing has become more expensive as the Federal Reserve ratchets up interest rates, a process that continued as our June data were gathered,” Lazzara said. “As the macroeconomic environment continues to be challenging, home prices may well continue to decelerate.”

3 Responses to "Tampa, Miami Top Home Price Hikes"

  1. It has always been expensive to live in Miami. Between 1981 and 1983, I paided about $1000.00/month to rent a home. The Tampa area is beautiful. Guess what? Sometimes it’s more expensive because it keeps the undesirables out of your neighborhood. Of course, majoring in Lesbian Dance Theory will land you a great job making minimum wage at The Golden Arch Supper Club (i.e. McDonalds). So Fort Wayne, Indiana may be a better fit although a skosh colder in the winter. P.S. how is this a story? Slow news day? You should have covered Judge Barbara Hobbs admonishing this morning.

  2. Oh goody… now all those deadbeat elite liberal students – with their Degrees in Lesbian Urinal Use Studies – can buy houses and start families like Dementia Joe and KneePads Harris said.

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