Almost No Chance RE Prices Will Fall In 2 Florida Cities

Almost No Chance RE Prices Will Fall In 2 Florida Cities

Almost no chance RE prices will fall in 2 Fla. cities

ORLANDO, Fla. – Oct. 27, 2017 – Orlando and Tampa are among the large U.S. markets least likely to see home prices fall in the next two years, according to a report from Arch Mortgage Insurance.

The report finds that home prices have only a 2 percent chance of falling in Orlando and Tampa over the next two years, a low-risk level that tied 36 other U.S. markets.

At the other end of the spectrum, Fort Lauderdale and Nashville probably won't see prices rise over the next two years either, but they still have a noticeably higher risk with a 35 percent chance of that happening. Austin, Texas, has the third-highest probability, at 25 percent, followed by Miami's 17 percent and West Palm Beach's11 percent, according to Arch MI.

In explaining Fort Lauderdale's and Nashville's rates, Arch MI cites "home prices growing faster than incomes, which is hurting affordability."

Arch MI estimates that the average probability of home-price declines for America's 401 largest cities is 4 percent, which it calls "an unusually low number."

The report suggests that Florida will remain the best economic performer in the South for at least another year, led by tourism, residential and public construction.

The report also found that Orlando is one of America's 10 hottest housing markets, when looking at the country's 100 biggest metros. Orlando's home price index grew 12.5 percent in the past year.

Source: Orlando Business Journal (10/26/17) Lundine, Susan; Snyder, Eric

© Copyright 2017 INFORMATION INC., Bethesda, MD


Ken and Michele Jones Headshot
Author:
Phone: 727-510-1624
Dated: October 30th 2017
Views: 105
About Ken and Michele: Thank you for allowing us the opportunity to earn your business! If you're thinking of buying or sel...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Flas Housing Market Continues Positive Track In 2Q - Fla.’s housing market continues
Pending Home Sales Head Back Up - INFO THAT HITS US WHERE WE LIVE...
5 Affordable Home Improvements That Will Save You Energy This Summer - We all want to save on energy.
Average US 30year Mortgage Rates Fall - Average U.S. 30-year mortgage

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

SKL Real Estate Team with Keller Williams
109 Harbor Village Lane
Apollo Beach, FL
813-756-1901
813-641-8315