TALLAHASSEE – Even though the housing market has cooled, Miami and Tampa continued to major other metro areas across the nation in house-selling price increases in December when when compared to a year previously, in accordance to a report introduced Tuesday.
The Miami place had a 15.9 % yr-more than-yr increase, when the Tampa area had a 13.9 % enhance, according to the S&P CoreLogic Situation-Shiller U.S. Nationwide Household Price NSA Index.
The Atlanta place was the 3rd-greatest at 10.4 %. Miami experienced the highest increase for the fifth straight month.
In a geared up statement, Craig J. Lazzara, Controlling Director at S&P DJI, mentioned home price ranges have weakened in current months, a development that could carry on.
“The prospect of secure, or better, desire rates suggests that mortgage loan financing continues to be a headwind for property charges, even though financial weak point, including the chance of a economic downturn, may also constrain likely consumers,” Lazzara reported.
“Offered these prospective buyers for a complicated macroeconomic surroundings, home charges might well continue on to weaken.” Miami and Tampa were the only Florida marketplaces in the report.
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