Tampa Bay’s housing underappreciated

Published by peter | Filed under Communities, Market Trends

 
Tampa Bay’s housing is undervalued, according to IHS Global Insight, a economic forecasting company based in Lexington, Mass.

IHS has taken a measure of our depreciated housing prices, population density, household income and historical attractiveness and insists our homes are 16.9 percent too cheap. That’s based on a 1st quarter 2009 median price of $130,900.  Three years ago we were 30 percent overvalued when our typical home sold for $186,400, IHS said.  The full report can be read at: Download HousingValuationQ12009Report.