{"id":6401,"date":"2022-04-06T15:07:06","date_gmt":"2022-04-06T20:07:06","guid":{"rendered":"https:\/\/nwfl4sale.com\/prices-tripled-in-13-u-s-cities-since-2000-2-in-fla\/"},"modified":"2022-04-06T15:07:06","modified_gmt":"2022-04-06T20:07:06","slug":"prices-tripled-in-13-u-s-cities-since-2000-2-in-fla","status":"publish","type":"post","link":"https:\/\/nwfl4sale.com\/prices-tripled-in-13-u-s-cities-since-2000-2-in-fla\/","title":{"rendered":"Prices Tripled in 13 U.S. Cities Since 2000 \u2013 2 in Fla."},"content":{"rendered":"

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Tampa skyline<\/div>\n<\/div>\n<\/div>\n
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By Alix Martichoux<\/div><\/div>\n
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In two Fla. cities, Miami and Tampa, prices rose more than 200% in a little over 20 years \u2013 No. 8 and No. 9 in the U.S. for price increase percentages.<\/span><\/span><\/p>\n<\/div>\n

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SAN FRANCISCO \u2013 The cost of housing \u2013 much like everything else \u2013 has gone way up over the past year. Low inventory and low interest rates have thrust the median price of a home in the U.S. up by nearly 20% in a single year.<\/span><\/span><\/p>\n

But the latest jump is just an acceleration of what\u2019s been happening for 20 years. Most major cities have seen home prices increase substantially since 2000, with many seeing home values double or even triple.<\/span><\/span><\/p>\n

In some cities, the typical home value has more than tripled. San Francisco, for example, had a typical home value of $356,800 in 2000, according to data analyzed by real estate brokerage Clever; in 2022, the typical home value is nearly $1.4 million \u2013 a 290% increase, or nearly quadruple the value 22 years ago.<\/span><\/span><\/p>\n

San Francisco is often held up as the most extreme example of a housing market gone wild, but it\u2019s not the only city where home values rose astronomically, even with falling home prices during the Great Recession around 2010. <\/span><\/span><\/p>\n

Clever analyzed the median sale price of homes in the 50 largest metro areas around the country and found 13 cities saw home values more than triple since 2000. The 13 cities where home values have gone up by more than 200% \u2013 i.e. tripled \u2013 since 2000 are:<\/span><\/span><\/p>\n

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  1. San Francisco (290% increase)<\/span><\/span><\/li>\n
  2. Los Angeles (280% increase)<\/span><\/span><\/li>\n
  3. Riverside, Calif. (278% increase)<\/span><\/span><\/li>\n
  4. San Diego (275% increase)<\/span><\/span><\/li>\n
  5. San Jose, Calif. (261% increase)<\/span><\/span><\/li>\n
  6. Sacramento, Calif. (237% increase)<\/span><\/span><\/li>\n
  7. Seattle (235% increase)<\/span><\/span><\/li>\n
  8. Tampa<\/strong>, Fla. (223% increase)<\/span><\/span><\/li>\n
  9. Miami<\/strong> (220% increase)<\/span><\/span><\/li>\n
  10. Austin, Texas (209% increase)<\/span><\/span><\/li>\n
  11. Portland, Ore. (207% increase)<\/span><\/span><\/li>\n
  12. Phoenix (206% increase)<\/span><\/span><\/li>\n
  13. Denver (204% increase)<\/span><\/span><\/li>\n<\/ol>\n

    Several cities saw slower growth in home values, according to Clever:<\/span><\/span><\/p>\n

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    1. Cleveland (60% increase)<\/span><\/span><\/li>\n
    2. Detroit (62% increase)<\/span><\/span><\/li>\n
    3. Memphis, Tenn. (72% increase)<\/span><\/span><\/li>\n
    4. Chicago (73% increase)<\/span><\/span><\/li>\n
    5. Hartford, Conn. (87% increase)<\/span><\/span><\/li>\n
    6. Cincinnati (88% increase)<\/span><\/span><\/li>\n
    7. Birmingham, Ala. (90% increase)<\/span><\/span><\/li>\n
    8. St. Louis (98% increase)<\/span><\/span><\/li>\n<\/ol>\n

      Over the same time period, the national average increased 156% \u2013 or roughly 2.5 times \u2013 from $127,215 to $325,677, according to Clever\u2019s full report.<\/span><\/span><\/p>\n

      \u00a9 1998-2022 WCBD, Nexstar Broadcasting, Inc. All rights reserved.<\/span><\/span><\/p>\n<\/div><\/div>\n

      Go to Source<\/a>
      \nAuthor: kerrys<\/p>\n","protected":false},"excerpt":{"rendered":"

      Tampa skyline By Alix Martichoux In two Fla. cities, Miami and Tampa, prices rose more than 200% in a little over 20 years \u2013 No. 8 and No. 9 in the U.S. for price increase percentages. SAN FRANCISCO \u2013 The cost of housing \u2013 much like everything else \u2013 has gone way up over the past year. Low inventory and low interest rates have thrust the median price of a home in the U.S. up by nearly 20% in a single year. But the latest jump is just an acceleration of what\u2019s been happening for 20 years. Most major cities have seen home prices increase substantially since 2000, with many seeing home values double or even triple. In some cities, the typical home value has more than tripled. San Francisco, for example, had a typical home value of $356,800 in 2000, according to data analyzed by real estate brokerage Clever; in 2022, the typical home value is nearly $1.4 million \u2013 a 290% increase, or nearly quadruple the value 22 years ago. San Francisco is often held up as the most extreme example of a housing market gone wild, but it\u2019s not the only city where home values rose astronomically, even with falling home prices during the Great Recession around 2010. Clever analyzed the median sale price of homes in the 50 largest metro areas around the country and found 13 cities saw home values more than triple since 2000. The 13 cities where home values have gone up by more than 200% \u2013 i.e. tripled \u2013 since 2000 are: San Francisco (290% increase) Los Angeles (280% increase) Riverside, Calif. (278% increase) San Diego (275% increase) San Jose, Calif. (261% increase) Sacramento, Calif. (237% increase) Seattle (235% increase) Tampa, Fla. (223% increase) Miami (220% increase) Austin, Texas (209% increase) Portland, Ore. (207% increase) Phoenix (206% increase) Denver (204% increase) Several cities saw slower growth in home values, according to Clever: Cleveland (60% increase) Detroit (62% increase) Memphis, Tenn. (72% increase) Chicago (73% increase) Hartford, Conn. (87% increase) Cincinnati (88% increase) Birmingham, Ala. (90% increase) St. Louis (98% increase) Over the same time period, the national average increased 156% \u2013 or roughly 2.5 times \u2013 from $127,215 to $325,677, according to Clever\u2019s full report. \u00a9 1998-2022 WCBD, Nexstar Broadcasting, Inc. All rights reserved. Go to Source Author: kerrys<\/p>\n","protected":false},"author":4,"featured_media":6402,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts\/6401"}],"collection":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/comments?post=6401"}],"version-history":[{"count":0,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts\/6401\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/media\/6402"}],"wp:attachment":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/media?parent=6401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/categories?post=6401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/tags?post=6401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}