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Home Values Fell Slightly in November, but Would-Be Buyers Kept Their Distance

Pro Builder

While formerly red-hot markets like San Jose, Raleigh, and Phoenix saw the most significant price declines of (-3.3%), (-2.5%), and (-1.6%), respectively, Florida continued to post the highest year-over-year home value appreciation in Miami (+22.8%), Tampa (+18.2%), Orlando (+17.6%). from the end of October, Zillow reports.

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Rental Market Recovers Faster Than Predicted

Pro Builder

Rents in nine of the nation’s 50 largest metros — Tampa, Riverside, Las Vegas, Jacksonville, Memphis, Phoenix, Virginia Beach, Atlanta and Miami — are more than 10% higher than their projected rent levels for July based on pre-pandemic trends, topping out at 15.6% higher in Tampa. Read More. . Multifamily. Market Data + Trends.