Home Values Explode In The Sunshine State

May 16, 2017

Florida was one of the housing markets most adversely affected during the subprime mortgage loan crisis, with mortgage delinquency rates hitting 20 percent in 2009. But recently the Sunshine State has seen explosive home-value growth. Median home values jumped 10 percent from 2014 to 2015. Fort Myers, Kendall, and Lehigh Acres are in a three-way tie for hottest market. In 2016, Fort Myers was a boomtown, with population growth outpacing new housing stock by 10.8 percent from 2011 to 2015, and median home values growing 57 percent over the same period.

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PB-Sales,PB-New Home Sales,PB-Economics