Fast-rising home prices stir fears of another bubble
South Florida’s once-moribund housing market has rallied, with bidding wars pitting investors against first-time buyers in a chaotic race for a limited supply of homes.
But amid the frenzy comes a concern: Are prices rising too fast?
For much of the past year, Broward and Palm Beach counties have seen double-digit median price increases for existing homes. The January medians jumped by more than 20 percent in both counties compared with a year ago. Traditionally, the typical home appreciates at about 4 percent annually.
Read more of “Fast-rising home prices stir fears of another bubble” by the South Florida Sun SentinelTags: College of Business, FIU, FIU College of Business, Florida International University, Hollo School of Real Estate, Ken Johnson, Media Coverage 2013
Is this your first time here? Subscribe to our
monthly newsletter for
the latest news.
Thanks for visiting!