The Wall Street Journal ran an article today claiming "Housing Prices are on a Tear Thanks to the Fed." Low interest rates, low housing supply and prices below historical norms compared to income are all contributing to sharp increases in prices WSJ went on to say.
Cities such as Phoenix and Miami have seen big increases in home values. We’re still waiting for big value jumps in Tallahassee, but prices have certainly firmed up over the last 6 months. Tallahassee home values held up longer than most cities going into the crash, and it’s likely we’ll lag a bit in seeing home values rise again
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