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10 Cities With the Fastest-Rising Home Prices

Detroit, Phoenix among most improved cities on Case-Shiller list

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#10: Tampa

florida houseYOY Increase: 10%

In Tampa, prices posted a 0.6% gain from January to February, but were still a solid 10% better since the same time in 2012.

While month-over-month growth lagged that from December to January, the 10% one-year increase was a slight improvement from January’s 8.9%, and the first time Tampa home prices have climbed by double digits.

According to The Tampa Tribune, though, much of the gain could be thanks to big, out-of-state investment groups bidding up prices. In March, the paper reported that nearly half of purchases were cash buyers — likely investors.

“Firms are buying thousands of homes in Florida for cash, many of them foreclosures, and forcing buyers who actually want to live in the homes to outbid them,” the paper reported.

Article printed from InvestorPlace Media, http://investorplace.com/2013/04/10-cities-with-the-fastest-rising-home-prices/.

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