Housing Markets That Changed the Most This Decade
This decade saw a recovery from the greatest downturn in history, but closed with ahousing shortage coupled with low mortgage rages.
As the calendar turns to 2020, home values recovered for nearly all of the U.S., and many parts of the country are now seeing higher home prices and a lack of homes available for sale.
But there are few markets that stand out above the rest in terms of how much they changed in the last 10 years.
The highest percent increase in home prices over the last decade, according to Redfin, was in Fort Lauderdale, Florida.
Per Redfin’s report, Fort Lauderdale was impacted severely by the foreclosure crisis, and saw one of the biggest declines in home value in 2010.
But from there, home prices more than doubled over the next 10 years. Median home prices in Fort Lauderdale increased 161% from $106,000 at the beginning of 2010 to $278,000 at the end of 2019.