Florida Ranks in Top Five States for Home Price Appreciation
These days, some housing markets are seeing much more of a price boost this spring than others across the nation. Florida is on the positive side of that equation. Florida ranks No. 5 in overall for home price increases.
“This spring, the housing market is responding to an improving balance between real estate supply and demand, which is causing stabilization in house prices,” says Mark Fleming, CoreLogic’s chief economist. “Although this has been the case in each of the last two years, the difference this year is that stabilization is occurring without the support of tax credits and in spite of a declining share of REO sales.”
States with highest appreciation
CoreLogic listed the states with the highest appreciation of homes, including Florida.
• Wyoming: +5.9%
• West Virginia: +5.3%
• Arizona: +5.1%
• North Dakota: +4.7%
• Florida: +4.5%
On the opposite end of the end, CoreLogic listed states with the highest depreciation in home price.
• Delaware: -10.6%
• Illinois: -8.3%
• Alabama: -8%
• Georgia: -7.3%
• Nevada: -5.8%
Are you interested in moving to Lake County Florida to experience wonderful events, incredibly warm weather, and a joyful lifestyle? Call the Vangie Berry Signature Realty team at 888-703-5133 to learn more about current homes for sale.