Report finds Tampa housing market one of the fastest cooling in the nation
After years of a scorching hot housing market, a new report labels the Tampa region as one of the fastest-cooling housing markets in the country. The report from Redfin measured year-over-year changes from April 2023 to April 2024. Redfin looked at changes in home prices, price drops, inventory, and the share of homes that sell within two weeks. North Port came in first place, followed by Tampa and Cape Coral. In fact, six Florida cities rounded up the top 10. Lakeland listed at number 9. The report cited an increase in natural disasters, a surge of new construction, high insurance costs, and rising home prices as the reasons markets on the West Coast of Florida are rapidly cooling. A report from Redfin has found that the Tampa housing market is one of the fastest coolinging in the country, measuring year-over-year changes from April 2023 to April 2024. The report ranked North Port in first place, followed by Tampa and Cape Coral. Six Florida cities made up the top 10, including Lakeland. The increase in natural disasters, new construction, high insurance costs, and rising home prices are cited as reasons for the cooling trend.
Publicado : Hace 10 meses por WFTS-Tampa en Finance Environment
After years of a scorching hot housing market, a new report labels the Tampa region as one of the fastest-cooling housing markets in the country. The report from Redfin measured year-over-year changes from April 2023 to April 2024. Redfin looked at changes in home prices, price drops, inventory, and the share of homes that sell within two weeks. North Port came in first place, followed by Tampa and Cape Coral. In fact, six Florida cities rounded up the top 10. Lakeland listed at number 9. The report cited an increase in natural disasters, a surge of new construction, high insurance costs, and rising home prices as the reasons markets on the West Coast of Florida are rapidly cooling.
Temas: Real Estate, Markets, Data, Environment-ESG