Real Estate

Home prices rise faster in middle of U.S.

0


Homes in Memphis, Tennessee.

Getty Images

Home prices are rising across the nation, but the Covid pandemic is turning the usual geographical trends on their heads.

Home values have historically risen most sharply in large cities on the coasts, where supply is leaner and demand is stronger. That is no longer the case.

Smaller metropolitan markets like Pittsburgh, Cleveland, Cincinnati, Indianapolis, Kansas City, Boise, Idaho, Austin, Texas, and Memphis. Tennessee are seeing some of the strongest price gains in the nation now, according to the Federal Housing Finance Agency. Prices in those cities are now at least 10% higher than with a year earlier.

These have all been historically more…



Source cnbc.com

Brookfield offers to take Brookfield Property private for $5.9 billion

Previous article

Dr. Scott Gottlieb says eligibility should be expanded

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Real Estate