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Tampa now leads the nation in housing price increases

Tampa was followed by the Phoenix area at 32.4 percent and the Miami area at 32 percent.

By News Service of Florida on Wed, Jun 1, 2022 at 11:09 am

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Tampa now leads the nation in housing price increases

PHOTO VIA ADOBE IMAGES

After nearly three years of Phoenix leading the nation in the most-rapid growth in housing prices, it has been topped by the Tampa area, an analysis released Tuesday showed.

The Tampa area had a 34.8 percent price increase in March when compared to a year earlier, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.

Tampa was followed by the Phoenix area at 32.4 percent and the Miami area at 32 percent.

Tampa City Council asks for tenant advocacy office, more renter protections after emotional outcry from residents: The emotional input from the community had an affect on council, which unanimously called for more renter protections.

Those three metropolitan areas have repeatedly led the nation in price rises in recent months, but Phoenix had been on top.

"Those of us who have been anticipating a deceleration in the growth rate of U.S. home prices will have to wait at least a month longer," Craig J. Lazzara, managing director at S&P Dow Jones Indices, said in a prepared statement.

The year-over-year gain for 20 metropolitan markets was 20.6 percent.

Tampa and Miami were the only Florida markets included in the analysis.