The Tampa and Miami areas had among the nation’s largest increases in home prices in January when compared to a year earlier, according to a report released Tuesday.

Tampa, Miami Tally Countries Highest Home Price Hikes

For the second month in a row, Tampa and Miami topped other metro areas across the country in an analysis of housing price increases.

For the second month in a row, Tampa and Miami topped other metro areas across the country in an analysis of housing price increases.

The Tampa area had a 36.1 percent price increase in May when compared to a year earlier, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index released Tuesday.

Tampa was followed by the Miami area at 34 percent and Dallas at 30.8 percent. Tampa and Miami also led other metro areas in April.

They were the only areas of Florida included in the 20-market analysis. Craig J. Lazzara, managing director at S&P Dow Jones Indices, said in a prepared statement that prices were strongest in the South and Southeast, though he pointed to the possibility that prices will not continue increasing at recent levels.

In the news: Florida Landlord Shoots And Kills Tenant After Heated Argument

“We’ve noted previously that mortgage financing has become more expensive as the Federal Reserve ratchets up interest rates, a process that was ongoing as our May data were gathered,” Lazzara said. “Accordingly, a more-challenging macroeconomic environment may not support extraordinary home price growth for much longer.”

Visit Tampafp.com for PoliticsTampa Area Local NewsSports, and National Headlines. Support journalism by clicking here to our GiveSendGo or sign up for our free newsletter by clicking here

Android Users, Click Here To Download The Free Press App And Never Miss A Story. Follow Us On Facebook Here Or Twitter Here.

Copyright 2022 The Free Press, LLC, tampafp.com. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Advertisement

Login To Facebook From Your Browser To Leave A Comment