Since the onset of the housing market crash in 2007, it's been 5 years of home value declines. Could 2013 be the year of rising values? In other markets like Phoenix and Miami, home prices are definitely rising - and rising rapidly. In Tallahassee? Not so much.
Freddie Mac, the government sponsored mortgage giant, keeps a home price index of all metro areas in the US. Freddie Mac's Tallahassee home price index shows a very up and down trend . In December 2012, the index showed about a 6% rise in prices year over year. But in March, the index shows about a 1% decline.
So, it appears we are on the verge of a sustained home value rise, albeit a very slow, moderate rise.
Fill out our submission forms to receive a free home value analysis of your home. Or call 850.445.2476.
Freddie Mac, the government sponsored mortgage giant, keeps a home price index of all metro areas in the US. Freddie Mac's Tallahassee home price index shows a very up and down trend . In December 2012, the index showed about a 6% rise in prices year over year. But in March, the index shows about a 1% decline.
So, it appears we are on the verge of a sustained home value rise, albeit a very slow, moderate rise.
Fill out our submission forms to receive a free home value analysis of your home. Or call 850.445.2476.
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