Home Price Increases Slow In Weather-Plagued Tampa And Phoenix
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According to The S&P CoreLogic Case-Shiller Indices, June home prices reached an all-time high, up 5.4% from last year. Several cities posted prices that rose less quickly. These are cities with dangerous weather, particularly in the summer.
The price of homes in Tampa rose 3.1% yearly, and the cost in Phoenix rose 3.7%.
Once Rapid Growth
While these areas have been popular in the past and their populations have grown rapidly, they have now become more dangerous, and insurance rates, for example, have risen sharply.w IN some caese insruacne is not avaialbel at all.
Migration
Additionally, there will be climate migration. People will begin to move north to more temperate areas.
We’ll see.
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