| An obvious discussion we are having a lot these days with buyers is centering around their concerns about the inflated prices of homes in our market. As agents, we too are not immune to being stunned at times. However, we feel a little left out when we read that home prices in January grew most quickly in Phoenix, Tampa, and Miami, increasing a respective 32.6%, 30.8%, and 28.1% year over year. The slowest gains were seen in Chicago, Minneapolis, and Washington, D.C., where prices increased 12.5%, 11.8%, and 11.2% year over year, respectively (Barrons). I guess we need to adjust our lenses and feel a bit lucky!! |
