![\"What](\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/03\/DSC_9494-1180-300x205.jpg\")
We are expecting home price increases to accelerate in Florida. Last year, Florida home prices rose an average of 5.6%. That was a pretty healthy growth rate. However, CoreLogic is now predicting a 7.2% increase in Florida home prices over the next year. At that growth rate, most homes in Florida will be worth more than they were at their peak!<\/p>\n So, should we buy the expected growth rate in Florida? From my perspective, the answer is, \u201cit depends.\u201d No, I am not waffling. It really does depend on location and base price of the home. Generally speaking, I believe you should expect to see the 7.2% home price growth (or more) if you are in Sarasota or Manatee, and your home is currently worth less than $600k. However, if you have a more expensive home in our area, I believe that the combination of softer demand, new federal tax law, and rising interest rates will keep home price growth below the 7.2% level. That said, I still expect home price growth for more expensive homes. It is just likely not to reach 7%.<\/p>\n At this point, I still think buyers at all price points are well advised to move sooner rather than later. There just isn\u2019t much incentive to wait in our area.<\/p>\n","protected":false},"excerpt":{"rendered":" Home prices in the United States rose an average of 6.6% last year. That rate is simply unsustainable. While CoreLogic is predicting that home prices rise again in the next 12 months, that rise is expected to be 4.8%, or slower than last year. So, what about prices in Florida?<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,31,1],"tags":[7,12,13,9,16,15,20,19,6,17],"class_list":["post-110","post","type-post","status-publish","format-standard","hentry","category-home-buying","category-home-prices","category-real-estate","tag-bradenton","tag-home-buying","tag-home-selling","tag-lakewood-ranch","tag-manatee-county","tag-real-estate","tag-real-estate-agent","tag-realtor","tag-sarasota","tag-sarasota-county"],"_links":{"self":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/comments?post=110"}],"version-history":[{"count":2,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/110\/revisions"}],"predecessor-version":[{"id":115,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/110\/revisions\/115"}],"wp:attachment":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/media?parent=110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/categories?post=110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/tags?post=110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Are](\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2018\/03\/floridapricegrowth-300x226.jpg\")