🏠There are early signs that the real-estate market is calming — but it's still brutal to buy a property in much of the US.
Here are the top 10 places where home prices have surged.
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🔟North Port, Florida.
In @Redfin’s recent report, chief economist Daryl Fairweather found that "home prices are still soaring at an astonishing rate."
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9️⃣Riverside, California.
Places like Riverside represent a trend of city dwellers decamping to the suburbs and smaller cities.
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8️⃣Miami, Florida.
Cities like Miami have recently welcomed an influx of high-earning new residents from coastal hubs like San Francisco.
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7️⃣Tucson, Arizona.
July marked the 12th straight month the median home price for the entire US increased by double digits, according to Redfin data.
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6️⃣Las Vegas, Nevada.
Warm weather and entertainment opportunities aside, Las Vegas attracts newcomers because of the nonexistent state income tax and low property-tax rate.
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5️⃣McAllen, Texas.
The median sales price increased 22.2% year-over-year in McAllen, slightly higher than in Las Vegas.
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4️⃣Buffalo, NY.
"While this ongoing trend continues to fuel an already severe affordability crisis, the market is becoming somewhat less competitive for homebuyers," said Fairweather.
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🏠 To see the top three cities where home prices have jumped the most, take advantage of our limited-time 2-for-1 offer. Subscribe to 1 year of Insider and get your second year free here:
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