GON
$100 Site Donor 2024
Another post from Chuck Cowan:
Homebuying in Detroit, MI, used to be twice as feasible: At the start of 2019, you could buy a home in Detroit for $40,000 — yes, really. Similarly, data shows that prices also doubled quickly in Spokane, WA, where not that long ago, in March 2018, a home cost just $184,500 as compared to $371,000 nowadays.
Across the country, home prices accelerated just as dramatically in Miami, as well as in Tampa, FL (a city building momentum for a while now): The past six years were enough for homes to double in cost and reach about half a million dollars in both cities. In fact, prices in all five of the largest markets in the state — including Jacksonville, Orlando, and St. Petersburg — have doubled in just six to eight years.
Homebuying in Detroit, MI, used to be twice as feasible: At the start of 2019, you could buy a home in Detroit for $40,000 — yes, really. Similarly, data shows that prices also doubled quickly in Spokane, WA, where not that long ago, in March 2018, a home cost just $184,500 as compared to $371,000 nowadays.
Across the country, home prices accelerated just as dramatically in Miami, as well as in Tampa, FL (a city building momentum for a while now): The past six years were enough for homes to double in cost and reach about half a million dollars in both cities. In fact, prices in all five of the largest markets in the state — including Jacksonville, Orlando, and St. Petersburg — have doubled in just six to eight years.
