Real estate history was just made as U.S. home prices finally topped the record prices reached just before the last major recession.
The national comeback took a decade. The recovery has accelerated most recently thanks to tighter inventories of homes for sale and low interest rates. So says the Case-Shiller U.S. Home Price Index, announced Tuesday, which captures home pricing data across 20 major U.S. metros to help come up with a nationwide figure for home prices.
Here in Florida and in the Tampa Bay market, we're not there yet. We have not seen home prices reach the levels they soared to in the Sunshine State in 2006 — just before the housing bubble burst, driving housing prices down by 40 percent or more by 2011. That ugly event plunged millions of Florida homeowners into foreclosure after purchasing houses near the 2006 price peak.
Author:Victor DeFrisco Phone: 561-951-3759 Dated: November 30th 2016 Views: 57 About Victor: ...
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