The Case Shiller Home Price Index, one of the most respected indicators of home values, increased by 8.1% in January, its fastest rise since before the housing bust. All metro areas in the 20-city index posted home price gains, and every city except Detroit showed accelerating gains.
While Tallahassee home values are not included in the index, the closest metro areas did very well: over a 1-year period Atlanta increased 13%, Tampa improved 8%, and Miami surged 10%. Tallahassee tends to lag these metro areas in price trends by a few months, but there seems no doubt that home values and prices have moved off the bottom of a long 6-year fall.
While Tallahassee home values are not included in the index, the closest metro areas did very well: over a 1-year period Atlanta increased 13%, Tampa improved 8%, and Miami surged 10%. Tallahassee tends to lag these metro areas in price trends by a few months, but there seems no doubt that home values and prices have moved off the bottom of a long 6-year fall.
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